H.J.RES.10: 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.

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. 1/5/2007--Introduced. Constitutional Amendment - Requires Congress and the President, before each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment into law of a joint resolution devoted solely to that subject. Prohibits outlays for such fiscal year (except those for repayment of debt principal) from exceeding such estimated receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over estimated receipts. Provides that whenever actual outlays exceed actual receipts for any fiscal year, Congress shall, in the ensuing fiscal year, provide by law for the repayment of such excess. Requires a three-fifths rollcall vote of each chamber to increase [...]

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