Posted on June 29, 2011
WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, today released the following statement regarding the Balanced Budget Amendment to the Constitution that is supported by all 47 Republican Senators:
“I am for cutting spending, capping what Congress can spend each year, and passing a Balanced Budget Amendment because Washington has to stop spending money we don't have.”
The Balanced Budget Amendment to the Constitution supported by Republicans would require the president submit and Congress pass a balanced budget each year, cap federal spending at 18 percent of gross domestic product, and require a two-thirds vote of the House and Senate to raise taxes. The proposal relies heavily on constitutional amendments introduced earlier this year by Senators Orrin Hatch (R-Utah) and John Cornyn (R-Texas) and Senators Mike Lee (R-Utah) and Jon Kyl (R-Arizona).
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