Balanced Budget Resolution. Sen. Rand Paul (R-Ky.) offered a substitute amendment with a replacement budget (Amendment 263) to the budget resolution (Senate Concurrent Resolution 8). The amendment called for a balanced budget in five years with no revenue increases. As Paul said, \”This budget is called the Revitalize America Budget. It reforms and saves Social Security and Medicare, making them solvent for 75 years; it creates millions of jobs by letting taxpayers keep an additional $600 billion of their income; it repeals ObamaCare; and it requires Congress to vote to approve or disapprove all major regulations. Our ever-expanding debt is costing us millions of jobs a year. It is time to stop burying our kids in debt.\”
Paul\’s proposed budget would also have eliminated the Commerce, Housing and Urban Development, Education, and Energy departments. A tax code overhaul that would eliminate the estate and capital gains taxes and switch to a flat tax system was also included.
The Senate rejected Paul\’s substitute amendment on March 22, 2013 by a vote of 18 to 81 (Roll Call 69). We have assigned pluses to the yeas because any reduction of unconstitutional federal agencies and massive amounts of debt-laden, unconstitutional federal spending, without revenue increases, is desirable.
