Balanced Budget Amendment

Current understanding

To be populated as evidence accumulates.

Evidence log

• 2023-01-09 — Proposing an amendment to the Constitution of the United States to provide for balanced budgets for the Government.: An introduced constitutional amendment proposal would require federal outlays not to exceed revenues each fiscal year unless authorized by a two-thirds congressional vote or during declared wars, disasters, or national emergencies; it does not currently change tax liabilities or specify which taxpayers would pay more or less. (novelty: 2)
• 2021-02-03 — A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.: An introduced joint resolution proposes a constitutional amendment capping federal outlays at 18% of GDP and requiring two-thirds approval in both chambers to run deficits or increase federal taxes; it does not currently change tax liabilities or establish which taxpayers would pay more or less. (novelty: 2)

Open questions

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