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Cut, Cap and Balance Act |
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Cut, Cap and Balance Act Proposed legislation in the United States that would have made a debt limit increase contingent on significant spending cuts, a reduction in the size of the federal government to no greater than 18% of GDP, passage of a Balanced Budget Amendment to the U.S. Constitution by the House and Senate, and the rejection of all future tax increases without a two-thirds vote in both houses. The Cut, Cap and Balance Act passed the House of Representatives in 2011, but did not pass the Senate. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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