S.3482: Cut, Cap, and Balance Act of 2012

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Bill Summary

Cut, Cap, and Balance Act of 2012 - Reduces the estimated committee allocation of the appropriate levels of budget totals for FY2013 for the Senate Committee on Appropriations to: (1) $985 billion in total new budget authority, and (2) $1.118 trillion in total budget outlays. Expresses the sense of Congress that it should enact comprehensive tax reform that lowers marginal rates, broadens the base, and simplifies the tax code to increase...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on the Budget.
Aug. 2, 2012

Introduced in the Senate by Mike Lee (R-Utah)

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