Fiscal Responsibility Act of 1980

[AI summary unavailable — showing source text] Fiscal Responsibility Act of 1980 - Title I: To Discourage Taxflation by Requiring an Affirmative Vote of Congress before Tax Receipts Increase as a Percentage of Gross National Product - Amends the Congressional Budget Act of 1974 to require a separate vote of approval in both the House of Representatives and the Senate if any concurrent resolution on the budget sets forth a level of tax receipts, which, expressed as a percentage of the gross national product, exceeds the previous fiscal year's tax level. Title II: To Require Approval by Three-Fifths of the Members of the House of Representatives and the Senate of any Budget which Provides for a Deficit - Amends the Congressional Budget Act of 1974 to require the completion of action on the total budgetary figures contained in a concurrent resolution on the budget before any amendment to the amounts listed under the functional categories may be considered. Requires a three-fifths vote in both the House and Senate to adopt any budget resolution which recommends a deficit. Title III: To Require the President to Submit a Balanced Budget in which neither Expenditures nor Revenues Exceed 21 Percent of the Gross National Product - Amend…