The proposed legislation requires an 18-percent-of-total-GDP spending cap, requires the U.S. president to submit a balanced budget prior to each fiscal year, and requires a supermajority for tax increases and raising the debt limit. PoliticalNews.me highlights why the conservative Republican politician supports the legislation: "U.S. Senator Tim Scott (R-SC) joined his colleagues in introducing a Balanced Budget Amendment (BBA) to the United States Constitution. 'The President’s speech Tuesday showed us one thing: he is committed to spending money we don’t have, our children don’t have, and our grandchildren don’t have,' Scott said. 'We can’t keep asking American families to foot the bill for reckless spending in Washington, and a Balanced Budget Amendment will ensure a more efficient and effective federal government. States have to balance their budgets and families have to keep their checkbooks in order — it only makes sense the federal government should as well'."
Senator Tim Scott Co-Sponsors Balanced Budget Amendment
