Support Federal Balanced Budget Amendment via Article V

Author: Charles Owens Date: October 07, 2015

Small Business Challenges in 2015

The National Federation of Independent Business is backing action by Michigan and other states to pass resolutions that would force Congress to call a convention to propose amendments to the Constitution of the United States to require a balanced federal budget. The resolutions are part of a nationwide effort to use the Article V process outlined in the U.S. Constitution to move Congress toward adopting a Balanced Budget Amendment. The process requires 34 state legislatures to adopt similar resolutions that would call for a convention to propose a balanced budget amendment. So far, Twenty four states have already passed the Resolution. Michigan was the 23rd state to pass the resolution.

Senate Joint Resolution V, sponsored by Senator Mike Green (R-31) was passed by the Senate and sent over to the House. The Resolution was changed in Committee and passed the full House on March 20, 2014. It went back to the full Senate for concurrence and was passed on March 26th, making Michigan the 23rd state to pass a call for a convention of states to require a federal balanced budget. As of the fall of 2014, 24 states have passed a call for convention with 15 more states slated to take up the issue in their spring 2015 sessions.

NFIB has long supported Congressional action to pass a Balanced Budget Amendment, but we are stepping up our game by standing behind the state’s efforts through the Article V process as well. As of now, NFIB is the only business group in Lansing and DC supporting this Article V effort

Small business owners are fed up with the federal government’s failure to address the basic budgeting that every citizen and small business must adhere to in their daily activities. NFIB believes it is time for the states and citizens to use the powers provided by the founding fathers in our Constitution to put an end to this irresponsible behavior.

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