A concurrent resolution calling for a one year freeze in real federal spending and a one year surcharge on individual and corporate income taxes.

Requires that the concurrent resolution on the budget for FY 1985 meet the following objectives: (1) total outlays for FY 1985 shall be no greater than total outlays for FY 1984 plus a five percent increase for inflation; and (2) total receipts for FY 1985 shall be increased by a one year, five percent surcharge on corporate and individual income taxes.