Bill > HJRes50

This Joint Resolution proposes a constitutional amendment that would fundamentally alter the U.S. government's role and taxing authority. It would prohibit the U.S. government from operating any business, professional, commercial, financial, or industrial enterprise unless specifically allowed by the Constitution, and any such existing government ventures would need to be shut down and their assets sold within three years of the amendment's ratification. Furthermore, it would repeal the Sixteenth Amendment, which currently allows Congress to levy taxes on personal incomes, and after a three-year grace period following ratification, the government would be permanently barred from collecting taxes on personal incomes, estates (taxes on the transfer of property upon death), and gifts (taxes on the transfer of property during life). The amendment also aims to prevent any agreements, foreign or domestic, from overriding these new constitutional restrictions.