H.J.RES.46: Proposing an amendment to the Constitution of the United States to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation and to allow an item veto of appropriation bills.

Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment of a law devoted solely to that subject. Prohibits outlays for that year from exceeding this amount unless the Congress, by a two-thirds roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires a two-thirds roll call vote of each House to...

(Source: Library of Congress)