Real bill currently in Congress  c/o  HR/119/10078

Dollar-for-Dollar Deficit Reduction Act

Policy area: Economics and Public Finance ▲ 14 days since action Sponsor: W. Gregory Steube, FL-17, R → Congress.gov

Latest action (2026-08-10): Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

The Framers

“Founders’ Verdict”

CONDITIONAL

Confidence 0.75

Synthesis

The bill is constitutional in principle as an exercise of Congress's borrowing power under Article I, Section 8, Clause 2 and its power of the purse, but only if it includes a waiver mechanism for national emergencies or essential governmental functions to avoid infringing on executive discretion under Article II, Section 3 and to preserve flexibility for future Congresses.

Hamilton CONDITIONAL

The proposed bill conditions any increase or suspension of the debt limit on equal spending cuts over the next decade. This is constitutionally permissible as an exercise of Congress's power to borrow money under Article I, Section 8, Clause 2, and its general power to control the public purse under Article I, Section 9, Clause 7 (no money drawn from the Treasury but in consequence of appropriations made by law). However, the requirement for equal spending cuts may intrude on the President's constitutional duty to take care that the laws be faithfully executed (Article II, Section 3) if it und…

Article I, Section 8, Clause 2 Article I, Section 9, Clause 7 Article II, Section 3 Federalist No. 30
Jefferson CONDITIONAL

This bill proposes a rule for Congress's own internal management of the public debt and spending. The Constitution grants Congress the power to borrow money on the credit of the United States (Article I, Section 8, Clause 2) and to lay and collect taxes to pay the debts (Article I, Section 8, Clause 1). A requirement that any debt limit increase be matched by spending cuts does not, in itself, violate any constitutional provision, as it is a procedural condition on the exercise of an enumerated power. However, such a rule must not be construed to abridge the power of future Congresses to appro…

Article I, Section 8, Clause 1 Article I, Section 8, Clause 2 Amendment X Amendment XIV, Section 4
Madison YES

The bill requiring that any debt limit increase or suspension be balanced by equal spending cuts over the next decade is a constitutional exercise of Congress's legislative powers. The Constitution grants Congress the authority to borrow money on the credit of the United States (Article I, Section 8, Clause 2), and to appropriate funds for the public welfare (Article I, Section 8, Clause 1). The bill imposes a condition on the exercise of the borrowing power, which is a permissible policy choice within the legislative domain. It does not conflict with any express constitutional prohibition, no…

Article I, Section 8, Clause 2 Federalist No. 58
Marshall YES

The bill is a valid exercise of Congress's constitutional power to borrow money on the credit of the United States, as enumerated in Article I, Section 8, Clause 2. The condition that any increase or suspension of the debt limit be balanced by equal spending cuts over the next decade is a permissible means of regulating the exercise of that power. Under the principle established in McCulloch v. Maryland (1819), Congress may employ any means not prohibited by the Constitution and consistent with its spirit to achieve legitimate ends. The Constitution does not forbid Congress from attaching such…

Article I, Section 8, Clause 2 (borrowing power) McCulloch v. Maryland (1819) (implied powers and necessary and proper means)

What should pass

“AI Consensus Solution”

Read full document →

Fiscal Responsibility and Emergency Flexibility Act

Require that any new legislation that increases the deficit (through spending increases or revenue reductions) be offset by equivalent spending cuts or revenue increases, ensuring deficit neutrality over a specified budget window.

Bipartisan rationale: Honors Democratic priorities by protecting social programs (Social Security, veterans' benefits) from sequestration and allowing emergency spending without offsets via a presidential waiver or supermajority vote. Honors Republican priorities by enforcing deficit neutrality as a default rule, requiring offsets for new spending or tax cuts, and including a sunset to prevent permanent fiscal constraints.

Funding: Existing appropriations for the Congressio No new appropriation; oversigh Sunset 5y Oversight: Joint CBO-OMB Deficit Monitori Enforcement: Automatic sequestration of non-exemp

Vote-count path: ~260 House votes: 180 Democratic centrists + 80 Republican fiscal conservatives; ~65 Senate votes: 48 Democrats + 17 Republicans from the oversight-minded caucus, with the waiver mechanism securing the necessary supermajority support.

→ Article I, Section 8, Clause 2 (borrowing power) → Article I, Section 9, Clause 7 (appropriations power) → Article II, Section 3 (executive discretion and duty to take care that laws be faithfully executed) → Tenth Amendment (reserving to states and people powers not delegated)

← Back to the Republic