Simpson–Bowles deficit reduction plan
E99570
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.
Aliases (1)
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 |
Bowles–Simpson plan
→
Simpson–Bowles plan NERFINISHED → |
| appliesTo |
United States federal government
NERFINISHED
→
|
| chairperson |
Alan K. Simpson
NERFINISHED
→
Erskine Bowles NERFINISHED → |
| commissionEstablishedBy |
President Barack Obama
NERFINISHED
→
|
| 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
→
|
| 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
NERFINISHED
→
Erskine Bowles NERFINISHED → |
| 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
→
|
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
Erskine Bowles
→
Erskine Bowles → |
notableWork |
|
Simpson–Bowles deficit reduction plan
("Bowles–Simpson plan")
→
|
alsoKnownAs |