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  • Erskine Bowles

    Simpson–Bowles Redux: Another $600 Billion Tax Increase

    Erskine Bowles and Alan Simpson, former co-chairs of the 2010 White House deficit-reduction panel whose plan failed, released an outline for a new proposal on their own today. A Bipartisan Path Forward to Securing America’s Future lacks any significant details but does include a $600 billion tax increase in addition … More

    Morning Bell: House Republicans Cave on Tax Increases and Punt Entitlements

    When President Obama put forth his first offer on the fiscal cliff, House Speaker John Boehner (R-OH) said, “You can’t be serious.” We could say the same thing to the Speaker after his counteroffer yesterday. In a letter signed by House Republican leadership, including Majority Leader Eric Cantor (R-VA) and … More

    Heritage Reacts to Simpson-Bowles Deficit Reduction Panel Proposal

    The draft proposal issued Wednesday by the co-chairmen of President Obama’s Deficit Reduction panel has both strengths and weaknesses.. Heritage Foundation analysts are still poring through this preliminary document, and we will have more to say in the days to come. Already, we see the following: One great flaw in … More

    VAT Finds Favor with Debt Commission Co-Chairman Bowles

    “I think there are many good arguments that you can make for a value added tax or a consumption tax, as opposed to a tax on wages” said National Commission on Fiscal Reform Co-Chairman Erskine Bowles on April 25 during a joint appearance with Co-Chair Alan Simpson on Fox News. … More