Tuesday, the House of Representatives will vote on, and likely pass, a conservative Republican plan called “Cut, Cap, and Balance.” The package will include some immediate, as-yet unspecified spending cuts, a statutory cap to keep spending below 18 percent of GDP, and a promised separate vote on a Constitutional amendment that requires Congress to maintain a balanced budget, but essentially forbids any future tax increases.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=109429