Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.

Constitutional Amendment - Requires that prior to each fiscal year, the Congress and the President agree on an estimate of total receipts for that fiscal year by enactment into law of a joint resolution. Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a...