To amend the Congressional Budget and Impoundment Control Act of 1974 to provide that for each dollar increase in revenues enacted with respect to a fiscal year the permissible maximum deficit amount for such fiscal year under the Balanced Budget and Emergency Deficit Control Act of 1985 shall be reduced by the same amount.

[AI summary unavailable — showing source text] Amends the Congressional Budget and Impoundment Control Act of 1974 to reduce the maximum permissible deficit amount for fiscal years following this Act's enactment by the amount of any new revenue estimated to be generated as a result of legislation with respect to the particular fiscal year.…