Summary

1/14/2013--Introduced.Bowles-Simpson Plan of Lowering America's Debt Act - Prohibits the total amount of appropriations to the White House for the Executive Office of the President, to the President,... Read More

Status

This bill was introduced on Jan 14, 2013, in a previous session of Congress, but was not passed.

Date Introduced
Jan 14, 2013

Co-Sponsors

Bill Text

A BILL

To adopt the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and Reform to reduce spending and make the Federal Government more efficient.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) In General.--This Act may be cited as the ``Bowles-Simpson Plan of Lowering America's Debt Act''. (b) Table of Contents.--The table of contents for this Act is as follows:

Sec. 1. Short title; table of contents. TITLE I--REDUCED EXPENDITURES

Sec. 101. Reduction in appropriations to the White House and Congress. Sec. 102. Denial of certain annual pay adjustments for Members of Congress. Sec. 103. Pay freeze for Federal employees. Sec. 104. Reduction in Federal workforce. Sec. 105. Reduction in Government travel costs. Sec. 106. Limitation on Government printing costs. Sec. 107. Reduction in Federal vehicle costs. Sec. 108. Sale of excess Federal property. Sec. 109. Prohibition on earmarks. TITLE II--TAX REFORM

Sec. 200. Amendment of 1986 Code. Subtitle A--Tax Rates

Sec. 201. Individual rates. Sec. 202. Repeal of alternative minimum tax on individuals. Sec. 203. Permanent repeal of personal exemption phaseout. Sec. 204. Permanent repeal of phaseout of overall limitation on itemized deductions. Sec. 205. Corporate income tax rate reduced to flat rate of 20 percent. Sec. 206. Renewed temporary dividends received deduction. Subtitle B--Elimination of Tax Expenditures

Sec. 211. Termination of credit for increasing research activities. Sec. 212. Termination of deduction for intangible drilling and development costs. Sec. 213. Repeal...

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Sentiment Map

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Nation

174 Supporting
16 Opposing
92% 8%

State: CA

9 Supporting
2 Opposing
82% 18%

District: 1st

1 Supporting
0 Opposing
100% 0%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

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Users Supporting

I support H.R. 243: Bowles-Simpson Plan of Lowering America’s Debt Act because this bill is nessicary especally If this bill strongly limit’s the amount the president can spend on lavish vacations, I do not see any clauses for cutting of aid to foreign nations. It should be added into this bill. We have enough debut here in the US, without wasting money on nations who have one goal to kill Americans, and take over the US. Obama has repeatedly done just that, and it needs to be stopped.

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OK
4
starfish50
OK-4
1 year ago

I support H.R. 243 ("To adopt the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and") because...The federal government needs to get control of its wasteful spending and pay down the deficit.

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NC
1
JCR67
NC-1
2 years ago

I support H.R. 243 ("To adopt the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and") because this seems like a sensible start to reducing the national debt and out of control spending. Virtually nothing is more important than getting our spending under control. Respectfully, Jerry Adams San Antonio

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TX
21
jerrya3900
TX-21
2 years ago

I support H.R. 243 ("To adopt the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and") because...through the sins of the federal government and its deviation from the Constitution, we are in this mess. Our defense department needs to be spared and the waste in that department needs to be eliminated; but we need a strong military.

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ID
1
Francis525
ID-1
2 years ago

I support H.R. 243 ("To adopt the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and") After reading this bill, these recommendations are plane old common sense.

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LA
3
UncleBlack
LA-3
2 years ago

Users Opposing

I oppose H.R. 243 ("To adopt the seven immediate reforms recommended by the National Commission on Fiscal Responsibility and") because...It is far too extreme for me to support. I am in favor of reduced spending, but there are cuts listed here that would do more harm than good for our economy. For example, eliminating tax deductions and credits for higher education expenses (loan interest, savings bond interest, life learning credit, etc.) is detrimental since our citizens MUST engage in higher education and continuous learning in order to compete in our global economy. By deterring educational pursuits, due to lack of affordability, more jobs will go overseas, salaries will stagnate and/or drop, and the trickle down benefits to our services sector will dry up. In this way, these cuts will increase our current problem of government dependency. Other objectionable cuts are for energy efficiency. Fuel cell trucks and efficient homes and appliances will reduce energy costs, improve our economy, and are a necessary step toward energy independence. We must block spending that lines corporate pockets, while encouraging consumers to make wiser choices. The corporate profits will follow.

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NJ
5
Rappunzell
NJ-5
2 years ago

Bill Summary

1/14/2013--Introduced.Bowles-Simpson Plan of Lowering America's Debt Act - Prohibits the total amount of appropriations to the White House for the Executive Office of the President, to the President, and to Congress for FY2014-FY2018 from exceeding 85% of the total amount of such appropriations for FY2013. Eliminates cost-of-living adjustments (COLA) for Members of Congress during FY2014-FY2016. Amends the Continuing Appropriations Act, 2011 to extend through December 31, 2015, the freeze on any COLA to the pay of certain federal civilian employees (thus extending such freeze from two to five calendar years). Requires the Office of Management and Budget (OMB) to: (1) take appropriate measures to ensure that the total number of federal employees, beginning in FY2017, does not exceed 90% of the total number of federal employees on September 30, 2013; (2) continuously monitor all agencies, make a determination, as of September 30, 2013, on whether the total number of federal employees in any quarter of a fiscal year exceeds the maximum number allowed by this Act, and notify the President and Congress if the number exceeds the maximum; and (3) ensure that there is no increase in the procurement of service contracts due to this Act unless a cost comparison demonstrates that such contracts would be financially advantageous to the federal government. Allows the President to waive the workforce limitations imposed by this Act in specified circumstances. Requires OMB to: (1) take appropriate measures through FY2016 to ensure that agencies shall appoint no more than one employee for every three employees retiring or otherwise separating from government service; (2) coordinate with federal departments and independent agencies to take certain steps to limit government printing costs; and (3) dispose of a quantity of real property worth at least $100 million altogether (with specified exceptions) that is not being used, and that will not be used, to meet the needs of the federal government for FY2014-FY2019. Prohibits the total amount of funds appropriated for travel expenses for each agency for each of FY2014-FY2018 from exceeding 80% of the total amount of funds appropriated for FY2013. Reduces the amount available to the General Services Administration (GSA) for FY2014 and succeeding fiscal years for acquiring new vehicles for the federal fleet to 80% of the amount available for FY2012 for such purpose. Amends the Congressional Budget Act of 1974 to prohibit consideration in Congress of legislation that includes an earmark, limited tax benefit, or limited tariff benefit. Amends the Internal Revenue Code to: (1) impose after 2012, a 10% income tax rate on taxable income of $100,000 or less and a 20% rate on taxable income over $100,000, and a 20% rate for net capital gain exceeding $1 million; (2) reduce the income tax rate on corporations to a flat rate of 20%; (3) repeal various tax credits, deductions, and exclusions, including the alternative minimum tax (AMT) on individuals; (4) provide for 5-year phaseout of specified tax expenditures, and (5) terminate the authority for issuing certain tax-exempt bonds for financing projects relating to energy conservation, infrastructure, education, and hospital construction.

H.R. 242The Legal Agricultural Workforce Act H.R. 244The Physician Availability Act
54.167.177.24