A bipartisan group of House lawmakers, bucking Democratic and Republican leaders, is moving to propose a broad plan that would aim to reduce the federal budget deficit by more than $4 trillion over 10 years through a combination of spending cuts and tax increases.
The plan is clearly a moderate approach to the budget. The WSJ article goes on to say:
It includes broader changes in entitlement programs than many Democrats have supported and larger increases in tax revenue than many Republicans have supported.
Jake
Tyler
[...] looks like the ignored Simpson-Bowles deficit-deduction plan is back- with bipartisan backing in Congress. CommentsPowered by Facebook [...]