What Would a Non-Partisan Budget Plan Look Like?

We might find out tomorrow, because we're getting a fresh batch of ideas from a group of non-electeds sponsored by the Bipartisan Policy Center. Headlined by former CBO Chief Alice Rivlin and former Senator Pete Domenici, the panel includes no current elected officials. It'll be interesting to see how that sort of intellectual freedom manifests itself in tax rates and spending levels.

Here's the latest on their ideas:

Speaking at the Wall Street Journal's CEO Council in Washington, Ms. Rivlin said the proposal would have a "much simpler, lower [tax] rate, broader base income-tax and corporate income tax with a considerably lower corporate tax rate that will bring us back into the range that other countries are in."

She also said the proposal would "phase in a broad-based consumption tax."

Lower the rates, widen the base and add a consumption tax? All ideas I support, but lower rates plus a new tax that tends to be regressive could upset liberals looking for additional tax rates on millionaires. Read the full story at WSJ.

Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

The 86-Year-Old Farmer Who Won't Quit

A filmmaker returns to his hometown to profile his neighbor, the patriarch of a 70-acre family farm

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

The 86-Year-Old Farmer Who Won't Quit

A filmmaker returns to his hometown to profile the patriarch of a family farm

Video

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

More in Business

Just In