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Sunday, September 16, 2012

QOD- Simpson-Bowles- Thur Sept 20

QOD- Simpson-Bowles- Thur Sept 20

What is it?

What did it recommend?

Why didn't it work?

Student's Response...

Simpson-Bowles a was a broad plan to reduce the federal deficit. It recommended to pare away most tax expenditures, devote $80 million annually to reduce the deficit, and to use remaining revenue gains to cut taxes. The reason the it didn't work was because the plan got rejected in the House of Representatives by both parties. The final tally was 382-38.
- Savannah

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