Cut, Cap and Balance Act

(redirected from Cut, Cap, and Balance Act)

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.
References in periodicals archive ?
Budget Control Act of 2011 falls short of Cut, Cap, and Balance Act
LAKE JACKSON, Texas -- Today, 2012 Republican presidential candidate Ron Paul issued a statement outlining his opposition to the House version of the Cut, Cap, and Balance Act.
While I applaud the spirit of the Cut, Cap, and Balance Act (CCB) and appreciate how it has shaped the debate to include a permanent solution to our deficit crisis, I could not support the legislation as it was presented today.