RSC Republican Study Committee

As part of its Taxpayer Bill of Rights initiative, the RSC has developed a constitutional amendment designed to eliminate wasteful Washington spending.  At present, the projected growth of federal spending is unsustainable and threatens the standard of living for the next generation of American families.  By 2040, taxes would need to double in order to pay for the compounded spending if the federal budget is left on automatic pilot—and that’s assuming no more additional spending is created. 
 
Just as every family in America must make difficult choices in developing a secure family budget, the amendment introduced by the RSC forces the government to establish a reasonable limit to the growth of federal spending.  In essence, the spending limit amendment would prohibit federal spending from growing faster than the economy (nominal GDP).  Though it could be suspended if a declaration of war is in effect, or by a two-third vote of Congress, the amendment is meant to provide real restraint and encompasses all federal spending.

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