U.S. Reps. Steve LaTourette (OH-14) and Jim Cooper (TN-05) Introduce Simpson-Bowles Federal Budget Alternative
Tuesday, March 27, 2012
U.S. Reps. Steve LaTourette (OH-14) and Jim Cooper
(TN-05) Introduce Simpson-Bowles Federal Budget Alternative --
Bipartisan proposal would cut deficit by more than $4 trillion
over 10 years
U.S. Reps. Steve LaTourette (OH-14) and Jim Cooper (TN-05)
today announced that they have filed a federal budget alternative
based on principles outlined last year by the National Commission
on Fiscal Responsibility and Reform, co-chaired by former Sen. Alan
Simpson and Erskine Bowles.
The Simpson-Bowles budget alternative, which has been endorsed
by the Committee for a Responsible Federal Budget, would trim the
deficit by more than $4 trillion over the next 10 years. Two-thirds
of the deficit savings would come from spending cuts and one-third
from tax reform. The budget alternative would repeal the sequester
enacted by the August Budget Control Act, replacing the automatic,
across-the-board cuts due to begin in Jan. 2013 with a
comprehensive, balanced plan for deficit reduction.
Please read more
here.
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