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For instance, the spending targets for AEI, BPC, and CAP all clustered at around 23 percent of GDP.
FORBES: Areas Of Agreement On Tackling The Budget Deficit
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BPC, CAP, EPI, and Roosevelt all clustered in that range, while Heritage aimed for about 18.5 percent and AEI about 20 percent.
FORBES: Areas Of Agreement On Tackling The Budget Deficit
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If the BPC is correct in their numbers, it is unlikely that the U.S. government would default on interest payments to investors.
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The BPC plan would discourage the creation of new complexifying tax credits and deductions, which might make tax reform more durable than in its last incarnation.
FORBES: The Tax Complexity Lobby
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Federal health costs, which the Congressional Budget Office projects will reach about 10 percent of GDP in 2035, would also hit that level under the BPC and EPI plans.
FORBES: Areas Of Agreement On Tackling The Budget Deficit
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This is essentially the plan that the BPC proposed.
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