Federal Spending Cap: Mandatory Budget Limits and Automatic Program Cuts.
This law establishes mandatory, decreasing limits on non-interest federal spending, measured as a percentage of potential GDP. If spending exceeds these caps, automatic cuts will be triggered across many government programs, potentially affecting public services and benefits. The goal is to reduce the size of the government and balance the budget by 2033.
Key points
Imposes strict federal spending limits, requiring a reduction from 20.7% of potential GDP in 2024 down to 17.5% by 2033.
Automatic budget cuts (sequestration) are mandated if Congress and the President exceed these limits, impacting funding for various programs.
Requires the President to publicly rank all government programs into five categories of importance, from "vital" to "unsuited for national policy."
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.