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The Bipartisan Policy Center sponsored a Debt Reduction Task Force, co-chaired by Pete V. Domenici and Alice M. Rivlin. This panel created a report called "Restoring America's Future," which was published in November 2010. The plan claimed to stabilize the debt to GDP ratio at 60%, with up to $6 trillion in debt reduction over the 2011–2020 ...
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...
Penn Wharton Budget Model analysis outlines policies the Trump administration could pursue to reduce the long-term growth of the national debt while spurring additional economic growth.
Even with the debt roughly stable as a share of the economy, both parties demanded aggressive deficit reduction to cut interest rates, spur investment, and encourage economic growth.
It has also been unofficially referred to as the Deficit Reduction Act of 1993. Part XIII of the law is also called the Revenue Reconciliation Act of 1993 . The bill stemmed from a budget proposal made by Clinton in February 1993; he sought a mix of tax increases and spending reductions that would cut the deficit in half by 1997.
A national plan with a light policy touch will empower their growth, increase productivity, and generate the revenue needed to address our national debt without stifling innovation or raising ...
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