Twenty-second Amendment to the United States Constitution
Some argue that the 22nd Amendment and 12th Amendment bar any two-term president from later serving as vice president as well as from succeeding to the presidency from any point in the presidential line of succession. Others contend that the original intent of the 12th Amendment concerns qualification for "service" (age, residence, and citizenship), while the 22nd Amendment, concerns qualifications for "election", and thus (strictly applying the text) a former two-term president is still eligible to "serve" as vice president (neither amendment restricts the number of times an individual can be elected to the vice presidency), and then succeed to the presidency to serve out the balance of the term (though prohibited from running for election to an additional term).
Presidency of Harry S. Truman
The 1946 mid-term election left Republicans in control of Congress for the first time since the early 1930s. Truman initially hoped to work Republican leaders in Congress, focusing on the passage of housing programs and other potential areas of common ground. Truman and the 80th Congress were able to agree on a balanced budget, albeit one that spent less on defense and some other programs that Truman favored. Congress also assented to the creation of the Hoover Commission, which proposed a series of reorganizations to the executive branch. However, the 80th Congress proved strongly resistant to Truman's policies. One of its first major acts was to approve what would become the Twenty-second Amendment, which created presidential term limits. The amendment was designed by Republican leaders as an implicit rebuke to Franklin Roosevelt, the only president who had ever served more than two terms. The Twenty-second Amendment was ratified by the requisite 36 states on February 27, 1951. A major area of contention was Truman's attempts to use price and wage controls to restrain inflation. Congress also passed bills designed to cut taxes, weaken the Interstate Commerce Commission, reduce the number of employees covered by Social Security, and amend the National Labor Relations Act of 1935 (also known as the Wagner Act); all of these bills, except for the revisions to the Wagner Act, were vetoed by Truman in 1947. Upon returning to session in 1948, Congress passed the Revenue Act of 1948, another major tax cut; Truman again vetoed the bill, but this time his veto was overridden by Congress.