"We are very encouraged by the bipartisan support seen for the revitalized work of the Gang of Six, the return of Senator Tom Coburn to the fold, and growing interest on the Hill in developing a 'grand bargain' bipartisan plan to put our nation on a solid path towards fiscal responsibility and reform. These six Senators -- who have worked tirelessly over more than 7 months to agree on a long-term debt reduction plan based on the recommendations of the Fiscal Commission -- have shown tremendous courage, leadership, and determination in putting the national interest ahead of partisan interests. We hope that their colleagues in the House and Senate follow their leadership in pushing for a bold, bipartisan plan to bring our debt under control."
Today, President Obama met with leaders in Congress from both parties and both chambers to work toward negotiating a debt limit increase and a deal on deficit reduction. Fiscal Commission and Moment of Truth project co-chairs Erskine Bowles and Senator Alan Simpson released the following statement:
This report outlines MOT's re-estimates of the Fiscal Commission proposal, judged against an updated baseline.
Erskine Bowles and Alan Simpson explain why our country needs a $4 trillion-plus deficit reduction package, and how leaders in Washington can get it done in two parts -- with step one being an increase in the debt ceiling and a serious down-payment.
At the 2011 CRFB Annual Dinner, MOT co-chairs Bowles and Simpson talk about the state of affairs in Washington.
Erskine Bowles and Alan Simpson explain why the Gang of Six is our last, best hope for a comprehensive bipartisan deficit reduction agreement in this Congress.
Fiscal Commission senior staffers Paul Weinstein Jr. and Marc Goldwein give a detailed account of how and why the Modified Zero Plan for tax reform, as promoted by the Commission, is the best format for a new cleaner, fairer, more efficient tax code.
Extreme partisanship has made it doubtful whether Congress will have the courage to forge a comprehensive, multiyear debt reduction plan. Postponing it, however, would be bad news for the country. Both parties should move toward achieving fundamental fiscal reform this year.
With Tax Day falling on April 18 this year, Americans got a three day extension to file their income taxes. They needed it.
Erskine Bowles and Alan Simpson explain what will be necessary in order for policymakers in Washington to come together and find a principled compromise on budget cuts.