Cut, Cap, and Balance

Cut, Cap, and Balance

Cut, Cap, and Balance Act

H.R. 2560, The Cut, Cap, and Balance Act, is based on the framework first proposed by the Republican Study Committee in June 2011. The bill makes cuts $111 billion in FY 2012, places firm caps on future spending, and – contingent upon House and Senate passage of a Balanced Budget Amendment – grants President Obama’s request for a debt limit increase.

Bill SummaryBill TextPress Release

RSC Cut, Cap, and Balance Proposal (June 2011)

103 House Republicans sent a letter to House Republican leadership calling for a solution that could resolve the current debt limit impasse and prevent the bigger, Greece-like debt crisis just over the horizon: Cut, Cap, and Balance.  

1.  Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.

2.  Cap - We need statutory, enforceable caps to align federal spending with average revenues at 18% of Gross Domestic Product (GDP), with automatic spending reductions if the caps are breached.

3.  Balance - We must send to the states a Balanced Budget Amendment (BBA) with strong protections against federal tax increases and a Spending Limitation Amendment (SLA) that aligns spending with average revenues as described above.

With each passing day our nation’s fiscal health gets worse, leaving our children and grandchildren falling further into debt. Democrats seem to have given up, proposing even more borrowing in response to our massive debt addiction. With the problem growing larger every day, we must move quickly and unite behind a plan to cut spending and get our budget into balance.

More Information: 
Cut, Cap, and Balance One-Page Summary
Letter Text with Signatures

Signature List
Wall Street Journal: Balancing Act
RedState: Cut, Cap, and Balance
Brian Darling: Cut, Cap, and Balance
Pajamas Media: Cut, Cap, and Balance: The GOP Debt Ceiling Strategy
The Hill: House Conservatives Demand Deficit Be Cut in Half Next Year
Washington Times Editorial: Debt-Limit Clock Ticking  
U.S. News & World Report: Balanced Budget Movement Grows in the House
Heritage Action: Cut, Cap and Balance - The Way Out of Debt Added Benefit of CCB — Would Make Enacting Climate Legislation “Virtually Impossible”
Wall Street Journal: The Fiscal Pledge We Need: Cut, Cap, Balance
Neil Cavuto: Chairman Jordan Highlights Cut, Cap, Balance (Video)

Outside Support:
60 Plus Association: Letter of Support
American Conservative Union: 
Letter of Support
American Family Business Institute: Letter of Support
Americans for Tax Reform: House Conservatives Recommend "Cut, Cap and Balance"
Americans for Limited Government: Radical Enough
Buckeye Institute: Some Lessons From Washington
Citizens United:
Letter of Support
Club for Growth: Letter of Support
College Republicans: Letter of Support
Council for Citizens Against Government Waste: Letter of Support
Family Research Council: A Near-Debt Experience
Letter of Support
Heritage Action: RSC Sends Letter to House Republican Leadership
Independent Women's Voice: Letter of Support
Let Freedom Ring:
Letter of Support
Life & Liberty PAC: Support the Republican Study Committee
National Taxpayers Union:
Letter of Support