At one o'clock today, the President's Debt Commission, uncharitably called the "Cat Food Commission", released its list of recommendations for deficit reduction. Among the solutions proposed by the 50 page Simpson/Bowles report are reductions in funding to the National Park Service, the Smithsonian, National Public Radio and farm subsidies as well as reductions in Medicare, Social Security and raising the minimum retirement age. There was also, surprisingly, a recommendation for a cut in corporate tax rates. But what other changes in spending were proposed by co-chairs Simpson and Bowles?
mercredi 10 novembre 2010
Top Ten Suggestions From the Cat Food Commission
At one o'clock today, the President's Debt Commission, uncharitably called the "Cat Food Commission", released its list of recommendations for deficit reduction. Among the solutions proposed by the 50 page Simpson/Bowles report are reductions in funding to the National Park Service, the Smithsonian, National Public Radio and farm subsidies as well as reductions in Medicare, Social Security and raising the minimum retirement age. There was also, surprisingly, a recommendation for a cut in corporate tax rates. But what other changes in spending were proposed by co-chairs Simpson and Bowles?
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