Former US Senator Pete Domenici Discusses “Core of Fiscal Reform”

By Bipartisan Policy Center, Special for US Daily Review.

Former US Senator Pete Domenici speaks out on current Congress.

At an event co-hosted by Brookings and the Bipartisan Policy Center today, former Senate Budget Committee Chairman Pete Domenici, co-chair of the Bipartisan Policy Center’s Debt Reduction Task Force, told the audience that “Medicare and tax reform remain the cornerstones of real fiscal reform.”

“The Domenici-Rivlin defined support proposal is a policy that will fundamentally reform Medicare,” he said, according to prepared remarks.  “And, this coming February, the Bipartisan Policy Center’s Debt Reduction Task Force will be hosting a major event on tax reform and the critical role it plays in restoring our fiscal health.”

Senator Domenici and Dr. Alice Rivlin co-chair the Bipartisan Policy Center’s Debt Reduction Task Force that produced a detailed and extensive multi-year fiscal plan, including Medicare re-structuring and fundamental tax reform, last year.

“The framework for a grand bargain is already done.  There’s Domenici-Rivlin, Simpson-Bowles, and the Gang of Six—each saves somewhere around $4-5 trillion over the next decade and much, much more thereafter.  If you don’t like a policy from one, then you can grab a replacement from another…if you show me a plan, and your plan is missing Medicare and tax reform, then I’ll tell you, ‘you don’t have a plan.'”

Click here to read the Senator’s full remarks.

About the Bipartisan Policy Center:

Founded in 2007 by former Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole and George Mitchell, the Bipartisan Policy Center (BPC) is a non-profit organization that drives principled solutions through rigorous analysis, reasoned negotiation, and respectful dialogue. With projects in multiple issue areas, BPC combines politically-balanced policymaking with strong, proactive advocacy and outreach.  For more information, please visit our website: http://www.bipartisanpolicy.org/.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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