Proposing an amendment to the Constitution of the United States relative to balancing the budget.

The proposed constitutional amendment aims to establish strict fiscal controls on the United States government. It mandates that total outlays for any fiscal year shall not exceed total receipts , and also limits total outlays to 18 percent of the gross domestic product , unless a two-thirds majority of both Houses of Congress votes to approve an exception. The President would be required to submit a budget adhering to these constraints, ensuring fiscal responsibility from the executive branch. Furthermore, the amendment stipulates that any bill imposing a new tax or increasing tax rates would require a two-thirds majority vote in both chambers of Congress. Increasing the debt limit would necessitate a three-fifths majority vote by rollcall. These stringent provisions can be waived during a declared war or a serious military conflict posing an imminent threat to national security, provided a majority or three-fifths vote, respectively, approves the waiver for specific excesses.