Budget & Appropriations – Balanced Budget Amendment Bill Introduced, Threatens All Federal Spending Programs

While the prospects of either the House or Senate taking up a Fiscal Year (FY) 2017 budget resolution are unclear, a new fiscal threat is reemerging.  On March 16, Senate Finance Committee Chairman Orin Hatch (R-UT) introduced a bill (S.J.Res 6) with 54 original cosponsors .  This measure proposes a constitutional balanced budget amendment (BBA) prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year.  It contains a global spending cap that limits total federal spending to a severe 18% of gross domestic product (GDP), imposes a 2/3 vote requirement to raise revenues or exceed the spending cap, as well as a 3/5 vote requirement for raising the debt limit. The Arc strongly opposes a BBA because it would likely force drastic cuts to Social Security, Medicaid, Medicare, and a number of other programs that people with disabilities rely on to live in the community.  Learn more here.

%d bloggers like this: