The Concord Coalition today praised a bipartisan deficit-reduction plan in the House that is based on principles outlined by the Simpson-Bowles commission.
Representatives Jim Cooper (D-Tenn.) and Steven LaTourette (R-Ohio) offered the plan as an amendment to the budget resolution being considered on the House floor today. The Cooper-LaTourette plan would reduce federal deficits by more than $4 trillion, with two-thirds of the deficit savings coming from spending cuts and one-third from tax reform.
“This budget amendment is a major breakthrough,” said Robert L. Bixby, Concord’s executive director. “It gives House members a chance to consider a bipartisan deficit-reduction plan that achieves significant savings from all parts of the budget. More than any other plan under consideration, it puts results ahead of ideological purity.”