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Coalition Urges Deficit Committee to Pursue Large-Scale Tax Reform

SEP. 12, 2011

Coalition Urges Deficit Committee to Pursue Large-Scale Tax Reform

DATED SEP. 12, 2011
DOCUMENT ATTRIBUTES
  • Authors
    Altman, Roger C.
    Anderson, Barry
    Antos, Joseph
    Bixby, Robert L.
    Bowles, Erskine
    Bowsher, Charles A.
    Brock, William E.
    Chapoton, John E.
    Cote, David M.
    Davis, Pete
    Domenici, Pete V.
    Endean, John
    Fazio, Vic
    Feldstein, Martin
    Frenzel, William
    Fudge, Ann
    Gale, William G.
    Galston, William A.
    Gradison, Willis D., Jr.
    Gregg, Judd
    Haskins, Ron
    Hassett, Kevin A.
    Hoagland, G. William
    Hubbard, Glenn
    Kerrey, J. Robert
    Kolb, Charles E.M.
    Kolbe, Jim
    Lindsey, Lawrence B.
    MacGuineas, Maya
    Mankiw, N. Gregory
    Marron, Donald B.
    Marshall, William
    McIntyre, James T., Jr.
    Mitchell, Olivia S.
    Nussle, Jim
    Obernauer, Marne, Jr.
    O'Neill, Paul H.
    Penner, Rudolph G.
    Penny, Timothy J.
    Peterson, Peter G.
    Rivlin, Alice
    Robb, Charles S.
    Rogers, Diane Lim
    Romer, Christina D.
    Rubin, Robert E.
    Sabo, Martin Olav
    Sawhill, Isabel V.
    Schick, Allen
    Shaviro, Daniel N.
    Shultz, George P.
    Simpson, Alan K.
    Smetters, Kent
    Stenholm, Charlie
    Steuerle, C. Eugene
    Tanner, John
    Tyson, Laura D.
    Todd Whitman, Christine
    Voinovich, George
    Volcker, Paul
    Wait, Carol Cox
    Walker, David M.
    Weber, John Vincent
    Weidenbaum, Murray L.
    Wright, Joseph R., Jr.
    Zandi, Mark
  • Institutional Authors
    Evercore Partners
    American Enterprise Institute
    Honeywell International
    Concord Coalition
    Davis Capital Investment Ideas
    American Business Conference
    Committee for Economic Development
    Committee for a Responsible Federal Budget
    Lindsey Group
    Brookings Institution
    Urban-Brookings Tax Policy Center
    Progressive Policy Institute
    Columbia Business School
    Beverage Distributors Company
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2011-19365
  • Tax Analysts Electronic Citation
    2011 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.

Sincerely,

 

 

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

 

Identical letter sent to:

 

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
DOCUMENT ATTRIBUTES
  • Authors
    Altman, Roger C.
    Anderson, Barry
    Antos, Joseph
    Bixby, Robert L.
    Bowles, Erskine
    Bowsher, Charles A.
    Brock, William E.
    Chapoton, John E.
    Cote, David M.
    Davis, Pete
    Domenici, Pete V.
    Endean, John
    Fazio, Vic
    Feldstein, Martin
    Frenzel, William
    Fudge, Ann
    Gale, William G.
    Galston, William A.
    Gradison, Willis D., Jr.
    Gregg, Judd
    Haskins, Ron
    Hassett, Kevin A.
    Hoagland, G. William
    Hubbard, Glenn
    Kerrey, J. Robert
    Kolb, Charles E.M.
    Kolbe, Jim
    Lindsey, Lawrence B.
    MacGuineas, Maya
    Mankiw, N. Gregory
    Marron, Donald B.
    Marshall, William
    McIntyre, James T., Jr.
    Mitchell, Olivia S.
    Nussle, Jim
    Obernauer, Marne, Jr.
    O'Neill, Paul H.
    Penner, Rudolph G.
    Penny, Timothy J.
    Peterson, Peter G.
    Rivlin, Alice
    Robb, Charles S.
    Rogers, Diane Lim
    Romer, Christina D.
    Rubin, Robert E.
    Sabo, Martin Olav
    Sawhill, Isabel V.
    Schick, Allen
    Shaviro, Daniel N.
    Shultz, George P.
    Simpson, Alan K.
    Smetters, Kent
    Stenholm, Charlie
    Steuerle, C. Eugene
    Tanner, John
    Tyson, Laura D.
    Todd Whitman, Christine
    Voinovich, George
    Volcker, Paul
    Wait, Carol Cox
    Walker, David M.
    Weber, John Vincent
    Weidenbaum, Murray L.
    Wright, Joseph R., Jr.
    Zandi, Mark
  • Institutional Authors
    Evercore Partners
    American Enterprise Institute
    Honeywell International
    Concord Coalition
    Davis Capital Investment Ideas
    American Business Conference
    Committee for Economic Development
    Committee for a Responsible Federal Budget
    Lindsey Group
    Brookings Institution
    Urban-Brookings Tax Policy Center
    Progressive Policy Institute
    Columbia Business School
    Beverage Distributors Company
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2011-19365
  • Tax Analysts Electronic Citation
    2011 TNT 177-44
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