The Deficit Commission did not get the necessary 14 votes to send their proposal to Congress.They did get a majority, for which they are claiming some kind of victory.
Seven of the 18-member panel voted against the proposal, including three Republican congressmen, three Democratic congressmen and one Obama appointee. Without last minute support from three Democrats, the commission would have lacked even a majority.
If it had moved on to Congress, there was a zero chance of the deficit plan passing.
As for those bold ideas entered into the conversation, we’ve got:
- Major social security cuts
- Tax reform that would both cut rates and eliminate exemptions
- Other cuts totaling $3.9 trillion
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