Below is a copy of the White House Fiscal Commission’s final report, somewhat hilariously titled “Moment of Truth.”
According to the panel’s chairmen yesterday, today’s deficit-reduction recommendations aren’t dramatically different from those in their much-ballyhooed draft report: It still contains cuts to Social Security, and eliminates tax expenditures to broaden the tax base and dramatically flatten the system, making the top-bracket tax rates drop dramatically.
The commission was supposed to vote on a final package today, per the executive order President Obama signed when he created the commission. But dissent on the commission delayed the unveiling of these recommendations, so the vote will happen Friday.
For it to pass, and be sent to Congress for an up or down vote, it will need to muster 14 votes from the commission’s 18 members.
We’ll be combing through it over here, but take a it yourself, and highlight the goodies.
