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National Commission on Fiscal Responsibility and Reform Co-Chairs' Proposal [11/10/2010 Draft Document] (PDF)
National Commission on Fiscal Responsibility and ReformLink to more items from this source
Nov. 16, 2010
50 pages. Excerpt: Our plan makes five basic recommendations: 1. Enact tough discretionary spending caps and provide $200 billion in illustrative domestic and defense savings in 2015. 2. Pass tax reform that dramatically reduces rates, simplifies the code, broadens the base, and reduces the deficit. 3. Address the 'Doc Fix' not through deficit spending but through savings from payment reforms, cost-sharing, and malpractice reform, and long-term measures to control health care cost growth. 4. Achieve mandatory savings from farm subsidies, military and civil service retirement. 5. Ensure Social Security solvency for the next 75 years while reducing poverty among seniors.

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