Manzullo Balanced Budget Amendment Passed House

WASHINGTON-- Congressman Don Manzullo (R-Egan) voted for legislation that would immediately cut federal spending, cap government growth, and require Congress to pass a strict Balanced Budget Amendment as a prerequisite for raising the debt limit. The bill passed the House 234-190.

The Cut, Cap and Balance Act (H.R. 2560) would:

• Cut federal spending immediately, and put Congress on a path toward paying down the $14 trillion national debt;
• Cap federal spending at less than 20 percent of GDP by 2021, saving taxpayers $5.8 Trillion over the next 10 years
• Balance the Federal budget by requiring the House and Senate to pass a Balanced Budget Amendment to the Constitution before the President is given authority to increase the debt limit. The legislation would also require a super-majority vote by Congress to increase taxes.  The vote on the Balanced Budget Amendment is scheduled to occur in the coming days.

Over 178 groups endorse the concept of “cut, cap, and balance,” including the National Taxpayers Union, Citizens Against Government, the American Conservative Union, Freedom Works, Americans for Prosperity, and Heritage Action for America.

 “This legislation applies pressure at several different levels to halt the excessive spending that is bankrupting our nation. It immediately cuts spending and caps future expenses to save taxpayers $5.8 trillion over 10 years, and it requires Congress and the President to enact a strict Balanced Budget Amendment that requires a 2/3 vote in Congress to raise taxes,” Manzullo said. “Without these reforms and spending limitations, Congress will continue to spend recklessly, discourage our job creators, and saddle future generations with huge debt and tax liabilities that will make the American Dream the impossible dream for young Americans.”