The legislation would require the President to come up with a balanced budget plan or provide a supplemental plan by April 1 that would identify in what fiscal year the budget balances.
“Mr. President, when you submit your budget, just let us know when it balances. 10 years? 20 years? 40 years? 75 years? When does it balance? Just be honest and transparent with the American people,” said Price in remarks he made on Tuesday on the House Floor.
Only one Republican voted against the measure today and 26 Democrats voted for it.
“Over the past two years, House Republicans have done our job and passed sensible budget proposals that would address the nation’s fiscal challenges, balance the federal budget, and get our economy moving. We will do so again this year and produce a budget that balances within the next 10 years,” said Price last week when introducing the bill. “Sadly, we have not seen a similar level of concern on the part of the White House or the Senate for the nation’s looming debt crisis.”
Price represents Georgia’s 6th congressional district.
The legislation now moves to the Senate for consideration.