Balanced Budget Amendment to be voted on by the House this week

Adhering to the Budget Control Act’s requirement that the House and Senate vote on a balanced budget amendment to the Constitution by the end of the year, both chambers are moving forward with very different versions. The House will vote this week on a balanced budget amendment (H J Res 2), sponsored by Representative Robert Goodlatte (R-VA), which would simply require that federal outlays not exceed federal receipts. The version most likely to come to the floor of the Democrat-controlled Senate would prohibit Congress from providing income tax breaks for millionaires except in a time of surpluses while protecting Social Security from any spending cuts imposed by the amendment. Any balanced budget amendment bill would require a two-thirds majority in the House and Senate and ratification by three-fourths of the states. The Arc strongly opposes a balanced budget amendment which would harm the overall economy and people with disabilities in particular. Our position is supported by many economists. Learn more at the CBPP website.

%d bloggers like this: