The Government of the United States shall not engage in any business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution.
Three years after the ratification of this amendment the sixteenth article of amendments to the Constitution of the United States shall stand repealed and thereafter Congress shall not levy taxes on personal incomes, estates, and gifts.As of June 2018, the proposal has not commanded the approval of both houses of Congress in order to submit it for the consideration of the states for ratification, as the aforementioned Article V provides.
United States Representative Larry McDonald of Georgia expounded upon the need for such an amendment on October 9, 1975, advocating for the bill in Congressional debate.
[2] According to McDonald, the purpose of the "Liberty" Amendment is to guard against the Federal government engaging in commercial enterprises in competition with American citizens unless such activities are specifically authorized by the Constitution, such as package delivery by the U.S.
[3] Nine states have endorsed the Liberty Amendment through some type of action: Wyoming (1959), Louisiana (1960), Nevada (1960), Texas (1960), Georgia (1962), South Carolina (1962), Arizona (1979), Indiana (1982) and Mississippi (1982)[3]