Updated Documents

Domenici-Rivlin 2.0, the Fiscal Cliff and a Framework to Bridge Them

Fundamental, Pro-Growth Tax Reform

Protect Medicare Act

Restoring America’s Future is a plan for that new course. It was developed by a bipartisan task force that is chaired by former Senate Budget Committee Chairman Pete Domenici and former White House Budget Director and Federal Reserve Vice Chair Alice Rivlin, and includes 19 former White House and Cabinet officials, former Senate and House members, former governors and mayors, and business, labor, and other leaders. The plan reduces and stabilizes the debt at 60 percent of the economy, and it reforms personal and corporate taxes to make America more competitive, ensures that Social Security can pay benefits to future generations, and controls health care costs.

Featured Report

Debt Limit Analysis
January 7, 2013

Additional Resources

• The House Republican Debt Limit Proposal, Explained
• Fiscal Timeline Under Passage of H.R. 325
• BPC's Framework for a Grand Bargain to Avoid the 'Fiscal Cliff' and Potential Down-Payment Package
• BPC Sequester Report: Indefensible: The Sequester’s Mechanics and Adverse Effects on National and Economic Security

To be sure, Restoring America’s Future makes tough choices. It freezes discretionary spending, reforms programs, ends tax deductions, and raises new taxes. But, by stabilizing the debt, reforming the tax code, and controlling health care costs, it lays the groundwork for a brighter future.