Simpson–Bowles deficit reduction plan

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The Simpson–Bowles deficit reduction plan is a bipartisan U.S. fiscal reform proposal issued in 2010 that recommended spending cuts, tax reforms, and entitlement changes to reduce the federal budget deficit and stabilize the national debt.

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Statements (47)

Predicate Object
instanceOf United States federal fiscal policy proposal
deficit reduction plan
aimsTo reduce the United States federal budget deficit
stabilize the United States national debt
alsoKnownAs Simpson–Bowles deficit reduction plan
surface form: Bowles–Simpson plan

Simpson–Bowles deficit reduction plan
surface form: Simpson–Bowles plan
appliesTo United States government
surface form: United States federal government
chairperson Alan K. Simpson
Erskine Bowles
commissionEstablishedBy Barack Obama
surface form: President Barack Obama
commissionEstablishmentDate 2010-02-18
commissionType bipartisan presidential commission
commissionVoteThreshold 14 of 18 members required for formal recommendation
context aftermath of the late-2000s financial crisis
country United States of America
surface form: United States
describedAs bipartisan
documentTitle The Moment of Truth
focusesOn deficit reduction
long-term fiscal sustainability
hasPart entitlement reform recommendations
spending cuts recommendations
tax reform recommendations
inception 2010
influencedDebateOn United States deficit reduction discussions in the 2010s
language English
legislativeStatus not enacted into law
mediaType report
namedAfter Alan K. Simpson
Erskine Bowles
policyArea budgetary policy
entitlement policy
fiscal policy
tax policy
politicalOrientation centrist fiscal reform proposal
proposedBy National Commission on Fiscal Responsibility and Reform
proposedEntitlementChange Medicare cost containment measures
Social Security reform
proposedSpendingPolicyChange defense spending cuts
discretionary spending caps
non-defense discretionary spending cuts
proposedTaxPolicyChange broaden the tax base
lower marginal income tax rates
reduce tax expenditures
publicationDate 2010-12-01
receivedCommissionSupport 11 of 18 members
recommendedDebtTarget stabilize debt-to-GDP ratio
timePeriodAddressed medium- and long-term U.S. fiscal outlook

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Erskine Bowles notableWork Simpson–Bowles deficit reduction plan
Bowles notableWork Simpson–Bowles deficit reduction plan
subject surface form: Erskine Bowles
Simpson–Bowles deficit reduction plan alsoKnownAs Simpson–Bowles deficit reduction plan
this entity surface form: Simpson–Bowles plan
Simpson–Bowles deficit reduction plan alsoKnownAs Simpson–Bowles deficit reduction plan
this entity surface form: Bowles–Simpson plan