Support Federal Balanced Budget Amendment via Article V

Date: December 06, 2015 Last Edit: May 02, 2016

Small Business Challenges in 2016

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.

Senate Joint Resolution V, sponsored by Senator Mike Green (R-31) was passed by the Senate and sent over to the House. The Resolution passed the full House on March 20, 2014. It went back to the full Senate for concurrence and was passed on March 26th, 2014 making Michigan the 23rd state to pass a call for a convention of states to require a federal balanced budget.

At the end of 2015 there were 27 of the 34 state applications required to call an Article V Convention for the limited purpose of proposing a Balanced Budget Amendment.

In April of 2016 that number became 29 with Oklahoma being the latest state to adopt the Resolution. There are legislative sponsors in 11 additional states, which puts us within striking range of 34 states.

The goal is to reach 34 states by July 4th, 2016.

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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