Coalition Urges Deficit Committee to Pursue Large-Scale Tax Reform
Coalition Urges Deficit Committee to Pursue Large-Scale Tax Reform
- AuthorsAltman, Roger C.Anderson, BarryAntos, JosephBixby, Robert L.Bowles, ErskineBowsher, Charles A.Brock, William E.Chapoton, John E.Cote, David M.Davis, PeteDomenici, Pete V.Endean, JohnFazio, VicFeldstein, MartinFrenzel, WilliamFudge, AnnGale, William G.Galston, William A.Gradison, Willis D., Jr.Gregg, JuddHaskins, RonHassett, Kevin A.Hoagland, G. WilliamHubbard, GlennKerrey, J. RobertKolb, Charles E.M.Kolbe, JimLindsey, Lawrence B.MacGuineas, MayaMankiw, N. GregoryMarron, Donald B.Marshall, WilliamMcIntyre, James T., Jr.Mitchell, Olivia S.Nussle, JimObernauer, Marne, Jr.O'Neill, Paul H.Penner, Rudolph G.Penny, Timothy J.Peterson, Peter G.Rivlin, AliceRobb, Charles S.Rogers, Diane LimRomer, Christina D.Rubin, Robert E.Sabo, Martin OlavSawhill, Isabel V.Schick, AllenShaviro, Daniel N.Shultz, George P.Simpson, Alan K.Smetters, KentStenholm, CharlieSteuerle, C. EugeneTanner, JohnTyson, Laura D.Todd Whitman, ChristineVoinovich, GeorgeVolcker, PaulWait, Carol CoxWalker, David M.Weber, John VincentWeidenbaum, Murray L.Wright, Joseph R., Jr.Zandi, Mark
- Institutional AuthorsEvercore PartnersAmerican Enterprise InstituteHoneywell InternationalConcord CoalitionDavis Capital Investment IdeasAmerican Business ConferenceCommittee for Economic DevelopmentCommittee for a Responsible Federal BudgetLindsey GroupBrookings InstitutionUrban-Brookings Tax Policy CenterProgressive Policy InstituteColumbia Business SchoolBeverage Distributors Company
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2011-19365
- Tax Analysts Electronic Citation2011 TNT 177-44
September 12, 2011
The Honorable Jeb Hensarling
Co-Chair, Joint Select Committee on Deficit Reduction
129 Cannon House Office Building
Washington, DC 20515
The Honorable Patty Murray
Co-Chair, Joint Select Committee on Deficit Reduction
448 Russell Senate Office Building
Washington, DC 20510
Dear Representative Hensarling, Senator Murray, and Members of the Joint Select Committee on Deficit Reduction,
As you begin your important work to reach a deficit reduction agreement, we urge you to "go big" and develop a large-scale debt reduction package sufficient to stabilize the debt as a share of the economy.
We believe that a go big approach that goes well beyond the $1.5 trillion deficit reduction goal that the Committee has been charged with and includes major reforms of entitlement programs and the tax code is necessary to bring the debt down to a manageable and sustainable level, improve the long-term fiscal imbalance, reassure markets, and restore Americans' faith in the political system.
While we have differences of opinion about the specific policies that should be included in any plan, we all agree that a large-scale, multi-year debt stabilization package is necessary to deal with the fiscal challenges facing the nation.
Barry Anderson
Former Acting Director,
Congressional Budget Office
The Honorable Roger Altman
Founder and Chairman,
Evercore Partners
Joe Antos
Wilson H. Taylor Scholar in
Health Care and Retirement Policy,
American Enterprise Institute
Bob Bixby
Executive Director,
Concord Coalition
Erskine Bowles
Former Co-Chair, National
Commission on Fiscal Responsibility
and Reform
The Honorable Charles Bowsher
Former Comptroller General of the
United States
The Honorable William Brock
Former Member of Congress
The Honorable John E. Chapoton
Former Assistant Secretary for
Tax Policy, U.S. Department of
the Treasury
Dave Cote
Former Member, National Commission
on Fiscal Responsibility and Reform;
Chairman and CEO, Honeywell
International
Pete Davis
President, Davis Capital
Investment Ideas
The Honorable Peter Domenici
Former Member of Congress
John Endean
President, American Business
Conference
The Honorable Vic Fazio
Former Member of Congress
The Honorable Martin Feldstein
Former Chairman, Council of
Economic Advisers
The Honorable William Frenzel
Former Ranking Member,
House Budget Committee;
Co-Chair, Committee for a
Responsible Federal Budget
Ann Fudge
Former Member, National Commission
on Fiscal Responsibility and Reform;
Former CEO, Young & Rubicam Brands
William G. Gale
Senior Fellow, Brookings Institution
William A. Galston
Senior Fellow and Ezra K. Zilkha
Chair, Brookings Institution
The Honorable Bill Gradison
Former Ranking Member, House Budget
Committee
The Honorable Judd Gregg
Former Chairman, Senate Budget
Committee
Ron Haskins
Senior Fellow, Brookings Institution
Kevin Hassett
Senior Fellow and Director of
Economic Policy Studies,
American Enterprise Institute
G. William Hoagland
Former Staff Director,
Senate Budget Committee
The Honorable Glenn Hubbard
Former Chairman, Council of
Economic Advisers; Dean,
Columbia Business School
The Honorable Bob Kerrey
Former Member of Congress
The Honorable Charles E.M. Kolb
President, Committee for Economic
Development
The Honorable Jim Kolbe
Former Member of Congress
Lawrence B. Lindsey
President and CEO, The Lindsey Group;
Former Director, National Economic
Council
Maya MacGuineas
President, Committee for a
Responsible Federal Budget
The Honorable N. Gregory Mankiw
Former Chairman, Council of
Economic Advisers
Donald Marron
Director, Urban-Brookings Tax
Policy Center; Former Acting
Director, Congressional Budget
Office
William Marshall
President, Progressive Policy
Institute
The Honorable James T. McIntyre, Jr.
Former Director, Office of
Management and Budget
Olivia S. Mitchell
Economist
The Honorable Jim Nussle
Former Director, Office of
Management and Budget;
Former Chairman, House Budget
Committee; Co-Chair, Committee
for a Responsible Federal Budget
The Honorable Paul O'Neill
Former Secretary of the U.S.
Department of the Treasury
Marne Obernauer, Jr.
Chairman, Beverage Distributors
Company
Rudolph G. Penner
Former Director, Congressional
Budget Office
The Honorable Timothy Penny
Former Member of Congress; Co-Chair,
Committee for a Responsible Federal
Budget
The Honorable Peter G. Peterson
Founder and Chairman, Peter G.
Peterson Foundation;
Former Secretary, Department
of Commerce
The Honorable Alice Rivlin
Former Director, Congressional
Budget Office; Former Director,
Office of Management and Budget;
Former Member, National Commission
on Fiscal Responsibility and Reform
The Honorable Charles Robb
Former Member of Congress
Diane Lim Rogers
Chief Economist, Concord Coalition
The Honorable Christina Romer
Former Chairwoman, Council of Economic
Advisers
The Honorable Robert E. Rubin
Former Secretary of the U.S.
Department of the Treasury
The Honorable Martin Sabo
Former Chairman, House Budget
Committee
Isabel V. Sawhill
Senior Fellow, Brookings Institution
Allen Schick
Distinguished University Professor,
University of Maryland
Daniel N. Shaviro
Wayne Perry Professor of Taxation,
New York University School of Law
The Honorable George P. Shultz
Former Secretary of the U.S.
Department of the Treasury;
Former Secretary of the U.S.
Department of State; Former
Secretary of the U.S. Department
of Labor
The Honorable Alan K. Simpson
Former Member of Congress;
Co-Chair, National Commission on
Fiscal Responsibility and Reform
Kent Smetters
Boettner Professor of Business
and Public Policy, The Wharton
School of the University of
Pennsylvania
The Honorable Charlie Stenholm
Former Member of Congress;
Co-Chair, Committee for a
Responsible Federal Budget
C. Eugene Steuerle
Institute Fellow and Richard B.
Fisher Chair, Urban Institute
The Honorable John Tanner
Former Member of Congress
The Honorable Laura D. Tyson
Former Chairwoman, Council of
Economic Advisers; Former Director,
National Economic Council
The Honorable Christine Todd Whitman
Former Governor of New Jersey
The Honorable George Voinovich
Former Member of Congress
The Honorable Paul Volcker
Former Chairman, Federal Reserve
System
Carol Cox Wait
Former President, Committee for a
Responsible Federal Budget
The Honorable David M. Walker
Former Comptroller General of the
United States
The Honorable John Vincent Weber
Former Member of Congress
The Honorable Murray L. Weidenbaum
Former Chairman, Council of
Economic Advisers
The Honorable Joseph R. Wright, Jr.
Former Director, Office of
Management and Budget
Mark Zandi
Chief Economist, Moody's Analytics
The Honorable Max Baucus
The Honorable John Kerry
The Honorable Jon Kyl
The Honorable Rob Portman
The Honorable Pat Toomey
The Honorable Xavier Becerra
The Honorable Dave Camp
The Honorable James Clyburn
The Honorable Fred Upton
The Honorable Chris Van Hollen
cc:
The Honorable John Boehner
The Honorable Harry Reid,
The Honorable Nancy Pelosi
The Honorable Mitch McConnell
- AuthorsAltman, Roger C.Anderson, BarryAntos, JosephBixby, Robert L.Bowles, ErskineBowsher, Charles A.Brock, William E.Chapoton, John E.Cote, David M.Davis, PeteDomenici, Pete V.Endean, JohnFazio, VicFeldstein, MartinFrenzel, WilliamFudge, AnnGale, William G.Galston, William A.Gradison, Willis D., Jr.Gregg, JuddHaskins, RonHassett, Kevin A.Hoagland, G. WilliamHubbard, GlennKerrey, J. RobertKolb, Charles E.M.Kolbe, JimLindsey, Lawrence B.MacGuineas, MayaMankiw, N. GregoryMarron, Donald B.Marshall, WilliamMcIntyre, James T., Jr.Mitchell, Olivia S.Nussle, JimObernauer, Marne, Jr.O'Neill, Paul H.Penner, Rudolph G.Penny, Timothy J.Peterson, Peter G.Rivlin, AliceRobb, Charles S.Rogers, Diane LimRomer, Christina D.Rubin, Robert E.Sabo, Martin OlavSawhill, Isabel V.Schick, AllenShaviro, Daniel N.Shultz, George P.Simpson, Alan K.Smetters, KentStenholm, CharlieSteuerle, C. EugeneTanner, JohnTyson, Laura D.Todd Whitman, ChristineVoinovich, GeorgeVolcker, PaulWait, Carol CoxWalker, David M.Weber, John VincentWeidenbaum, Murray L.Wright, Joseph R., Jr.Zandi, Mark
- Institutional AuthorsEvercore PartnersAmerican Enterprise InstituteHoneywell InternationalConcord CoalitionDavis Capital Investment IdeasAmerican Business ConferenceCommittee for Economic DevelopmentCommittee for a Responsible Federal BudgetLindsey GroupBrookings InstitutionUrban-Brookings Tax Policy CenterProgressive Policy InstituteColumbia Business SchoolBeverage Distributors Company
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2011-19365
- Tax Analysts Electronic Citation2011 TNT 177-44