• Adheres to the discretionary spending caps in the Budget Control Act by:
  • Reducing troop levels in the Army and Marines
  • Eliminating or delaying some acquisitions, such as the F-35 Joint Strike Fighter and the Army Ground Combat Vehicle
  • Reforming military compensation, by capping military pay and increasing fees in TRICARE, among other changes
• Repeals automatic trigger, which would cut $454 billion from defense spending through 2022

• Adheres to the discretionary spending caps in the Budget Control Act
• Repeals automatic trigger, which would cut $294 billion from non-defense programs through 2021

• No changes but calls for Social Security reform

• Continues yearly doc fixes
• Standardizes the Medicaid matching rate
• Increases drug rebates from pharmaceutical companies in Medicare
• Restricts Medicaid gaming by states
• Modestly increases Medicare cost-sharing
• Increases Medicare premiums for high earners
• Reduces Medicare hospital reimbursements for bad debts
• Reduces Medicare payments for graduate medical education
• Reduces payments for certain post-acute care providers
• Strengthens IPAB by lowering its target rate of Medicare growth from GDP per capita plus 1% to GDP per capita plus 0.5%
• Repeals automatic trigger, which would cut $123 billion from Medicare through 2021

• Reduces farm subsidies
• Maintains maximum Pell Grant award and lowers interest rate on Stafford subsidized loans
• Eliminates in-school student loan interest subsidies for certain undergraduate students
• Increases various user fees such as aviation security
• Increases federal employee retirement contributions
• Reforms the Postal Service
• Institutes a "financial crisis responsbility fee" on banks
• Increases the unemployment insurance tax base
• Increases IRS funding to tackle the tax gap
• Repeals automatic trigger, which would cut $47 billion from other mandatory programs through 2021

• Limits itemized deductions and certain above-the-line deductions and exclusions for upper-income taxpayers
• Closes various international and corporate tax loopholes
• Extends American Opportunity tax credit, research and experimentation tax credit, EITC for larger families, and other individual and corporate credits and deductions
• Various others

• Extends 2001/2003 tax cuts for people under $250,000
• Taxes capital gains at 20%
• Sets estate tax at 2009 parameters
• Calls for tax reform that reduces tax expenditures, lower tax rates, maintains progressivity, and replaces the current AMT with the "Buffett Rule," requiring a minimum level of taxes of 30% on millionaires and of 10% on multinational companies
• Calls for corporate tax reform that eliminates loopholes, reduces distortions, and levels the playing field in order to lower the corporate tax rate to 28%

• Creates a Transportation Trust Fund and makes it a mandatory program
• Caps war spending
• Creates enhanced rescission authority
• Calls for a debt failsafe which triggers automatic spending and tax expenditure reductions if debt-to-GDP is not projected to be declining by the second half of the decade

• Enacts discretionary caps on security spending for ten years, with five-year caps enacted upfront as part of downpayment
• Requires Budget Committee to create proposal to extend caps through 2021

• Enacts discretionary caps on non-security spending for ten years, with five-year caps enacted upfront as part of downpayment
• Freezes congressional pay
• Instructs specific Committees to identify specified savings
• Requires Budget Committee to create proposal to extend caps through 2021

• Instructs Congress to enact Social Security reform that ensures 75-year solvency
• Indexes COLAs to chained CPI
• Creates new minimum benefit

• Reforms the Sustainable Growth Rate ("doc fix")
• Repeals the CLASS Act from the health care reform legislation
• Requires additional $202 billion in health care savings
• Instructs the Judiciary Committee to identify savings from tort reform
• Sets target for health care spending after 2020 at GDP+1% per beneficiary, and requires action by Congress and President if not met

• Instructs the Agriculture Committee to identify $11 billion in savings (protecting food stamps)
• Use chained CPI for all inflation indexed programs
• Requires GAO and Department of Labor to design more effective unemployment insurance trigger
• Sells excess federal property
• Reduces waste, fraud, and abuse
• Various others

• Reforms tax expenditures for health, charitable giving, homeownership, and retirement
• Retains support for low-income workers
• Retains EITC

• Instructs the Finance Committee to propose tax reform within six months that would lower tax rates, broaden the tax base, and produce economic growth
• Calls for three tax brackets of ranges from 8-12%, 14-22%, and 23-29%
• Permanently repeals the AMT
• Calls for tax reform that raises $1 trillion over ten years, plus additional additional $133 billion by 2021 (not from a gas tax) for the Highway Trust Fund
• Establishes single corporate tax rate between 23-29%
• Moves to a territorial tax system

• Relies on discretionary caps
• Restricts use of emergency designations to circumvent the caps
• Creates 2/3 point of order to waive discretionary caps

• Cuts $240 billion from discretionary spending below Budget Control Act caps (defense proportion of cuts is unknown)

• Cuts $240 billion from discretionary spending below Budget Control Act caps (non-defense proportion of cuts is unknown)

• Indexes COLAs to chained CPI

• Increases Medicare retirement age to 67
• Increases Medicare premiums for high earners
• Various others

• Uses chained CPI for all inflation-indexed programs
• Increases various user fees
• Sells government assets
• Various others

• Calls for tax reform that eliminates or reduces many tax expenditures

• Assumes extension of the 2001/2003 tax cuts
• Calls for tax reform that lowers the top rate to 28%, eliminates or reduces many tax expenditures, and raises $250 billion of revenue
• Indexes tax code to chained CPI

• Further reduces caps on discretionary spending

• Adopts security proposals in President’s FY 2012 budget, holding defense spending growth near inflation

• Cuts non-security funding (including spending on international affairs) back to FY 2006 levels in 2012, freezes for five years, and holds growth thereafter to inflation
• Adopts immediate spending and government efficiency reforms

• Proposes a process where the President, in conjunction with the Board of Trustees, and Congress must put forward plans to restore solvency if the program is projected to be insolvent

• Assumes continuation of yearly doc fixes are fully offset
• Repeals the tax and coverage provisions from health care reform, but keeps most Medicare savings (not IPAB)
• Block grants Medicaid in 2013 and holds growth to rate of inflation plus population growth
• Enacts tort reform
• Transforms Medicare to premium-support program in 2022 and limits per beneficiary growth of premium support to inflation

• Reduces and block grants food stamps, limits growth to inflation and eligibility
• Reduces farm subsidies
• Reforms civil service retirement
• Reduces student loan subsidies
• Various others

• Calls for revenue neutral tax reform that reduces the top individual and corporate rate to 25%, paid for by reforming or repealing most tax expenditures

• Assumes 2001/2003 tax cuts extended for all earners
• Calls for revenue neutral tax reform that reduces the top individual and corporate rate to 25%, paid for by reforming or repealing most tax expenditures

• Relies on discretionary caps
• Establishes a binding cap on total spending as a percentage of the economy (enforced by sequester)
• Creates a budget point of order against legislation that would increase net mandatory spending beyond the ten-year window
• Establishes a regular review process for mandatory programs

• Calls for reductions in security spending to hold annual defense growth to below inflation

• Holds non-security spending to levels consistent with Fiscal Commission (real 2008 levels)

• No changes, but calls for Social Security reform that:
  • Restores long-term solvency
  • No privatization or weakening of the Social Security system
  • No current beneficiaries should see benefits reduced
  • Strengthens retirement security for most vulnerable

• Assumes continuation of yearly doc fixes
• Proposes health care savings from standardizing the Medicaid matching rate, prescription drug reforms, patient safety initiatives, and anti-fraud measures
• Strengthens IPAB by broadening its mandate and limiting Medicare growth to GDP+0.5% per beneficiary instead of GDP+1%

• Sets a mandatory savings target and calls for building on mandatory savings in President’s FY2012 budget

• Supports the model of tax reform proposed by the Fiscal Commission – eliminating individual and corporate tax expenditures to lower rates and reduce the deficit

• Assumes 2001/2003 tax cuts under $250,000 extended
• Supports efforts to build on the Fiscal Commission’s goal of reducing tax expenditures to lower rates and lower the deficit
• Calls for corporate tax reform that eliminates loopholes, reduces distortions, and levels the playing field in order to lower the corporate tax rate

• Calls for a debt failsafe which triggers automatic spending and tax expenditure reductions if debt-to-GDP is not projected to be declining (2.8% of GDP deficits) the second half of the decade

• Limits growth of defense spending to inflation, excluding funding for wars

• Limits growth of discretionary spending to inflation, excluding natural disasters and safety-net spending

• Raises retirement age by one month for each two-month increase in life expectancy
• Gradually reduces COLAs for high earners
• Reduces payroll tax slightly to 12%
• Increases payroll tax cap to $150,000

• Raises Medicare eligibility age by one month for each two-month increase in life expectancy
• Holds federal health spending increases to GDP growth plus 1% each year
• Gradually increases Medicare premiums for high earners
• Raises Medicare payroll tax slightly to 3% and applies it to all income

• Increases standard deduction and personal exemptions so that no family of four making less than $50,000 would pay federal income tax
• Closes certain corporate tax loopholes

• Taxes wages, salaries, and capital gains at three marginal rates: 17%, 27%, and 37%
• Taxes interest, dividends, and long-term capital gains at 20%
• Imposes VAT of 6% with rebates for lower-income households
• Reduces corporate rate from 35% to 25%
• Replaces gas tax with carbon tax (all revenue to fund new transportation infrastructure fund)
• Eliminates inheritance tax, but requires all estates to pay any deferred and unpaid capital gains taxes on all assets before distribution

• Enacts President’s cuts
• Reverses “Grow the Army” Initiative
• Restructures military on strategic lines
• Assumes war costs decline

• Delays some NASA missions
• Eliminates earmarks
• Limits discretionary growth to inflation

• Increases retirement age to 70 before 2021
• Indexes COLAs to chained CPI
• Increases years used to calculate benefits from 35 to 38 years
• Includes new state and local workers

• Assumes no yearly doc fixes, meaning doctors would face 30% cut in Medicare reimbursements and additional cuts over the next decade
• Enacts tort reform

• Indexes federal and military pensions to chained CPI
• Cuts federal workforce by 5%
• Reforms farm subsidies

• Repeals health care exclusion and replaces with credit
• Limits itemized deductions to 28% and phases out personal exemptions for high earners
• Curtails state and local tax deduction
• Eliminates subsidies for bio-fuels

• Uses most revenue savings to keep current tax rates set to expire at end of 2010 “at or near their current levels”
• Increases gas tax by $1 per gallon
• Reinstates increased AMT exemptions in the 2009 stimulus that expired at the end of 2009

• Relies on discretionary caps

• Caps 2012 spending at 2010 levels, cuts 1% each year from 2013-2015, then limits growth to inflation
• Creates enforcement mechanism for caps

• Caps 2012 spending at 2010 levels, cuts 1% each year from 2013-2015, then limits growth to inflation
• Creates enforcement mechanism for caps
• Moves the Transportation Trust Fund to mandatory spending
• Budgets for disasters

• Slows benefit growth for high and medium-income workers
• Increases early and normal retirement ages and index for longevity (but create “hardship exemption”)
• Indexes COLAs to chained CPI
• Includes newly hired state and local workers after 2020
• Increases payroll tax cap to cover 90 percent of wages by 2050
• Creates new minimum and old-age benefits

• Reforms the “doc fix”; paid for by:
  • Increasing Medicare cost sharing
  • Enacting tort reform
  • Replacing SGR with modest reductions and make new schedule
  • Various others
• Expands successful payment reform pilots
• Strengthens IPAB
• Identifies an additional $200 billion in savings
• Establishes long-term target for total health care spending, and limits health care cost growth after 2020 to GDP+1%

• Indexes programs to chained CPI
• Reforms military and civil service retirement
• Reduces farm subsidies
• Reduces student loans
• Various others

Option 1 (Zero Plan):

• Eliminate all tax expenditures as starting point 

Option 2 (Wyden-Gregg Style):

• Eliminate some tax expenditures (some business tax expenditures, S&L deduction, cafeteria plans, others); limit others (mortgage deduction, charitable deductions, health exclusion, others)
• Triple standard deduction
• Permanently extend R&D tax credit

Option 3 (Trigger):

• Enact tax reform by 2012 or impose gradually growing across-the-board haircut for certain tax expenditures

• Assumes 2001/2003 tax cuts under $250,000 extended
• Indexes all of tax code to chained CPI
• Increases gas tax by $0.15 starting in 2013
• Eliminates AMT, Pease, PEP

Option 1 (Zero Plan):

• Lowers individual and corporate income tax rates to 8%, 14%, and 23% (26% corporate) and increases rates if any tax expenditures are added back
• Taxes capital gains and dividends as normal income

Option 2 (Wyden-Gregg Style):

• Lowers income tax rates to 15%, 25%, 35%, and 26% (corporate)
• Moves to a territorial tax system

Option 3 (Trigger):es

• Enacts tax reform by 2012 or imposes gradually growing across-the-board haircut for certain tax expenditures

• Institutes fiscal goals of primary balance by 2015 and debt stabilization thereafter
• Relies on discretionary caps, with enforcement mechanisms
• Caps revenues at 21% of GDP
• Creates annual review to determine if budget on sustainable path; if not, requires lawmakers to fill gap
• Budgets for disaster funds; tougher limits and transparency for emergencies
• Moves to biennial budgeting
• Creates supermajority enforcement for spending and revenues
• Weak economy would suspend process

• Freezes defense spending for 5 years through caps, then limits growth to GDP

• Freezes non-defense spending for 4 years through caps, then limits growth to GDP

• Reduces benefit formula for highest earners
• Indexes benefits for changes in longevity
• Indexes COLAs to chained CPI
• Includes newly hired state and local workers
• Increases payroll tax cap to cover 90% of wages
• Creates new minimum and old-age benefits
• Broadens the payroll tax base to cover health and other employer benefits

• Assumes continuation of yearly doc fixes
• Creates new premium support (voucher) program in 2018, limiting growth to GDP+1%
• Limits Medicaid growth after 2018, reducing annual growth by 1%
• Enacts tort reform
• Increases Medicare premiums from 25% of costs to 35% of costs
• Increases drug rebates

• Uses chained CPI for all inflation-indexed programs
• Reforms military and civil service retirement
• Reduces farm subsidies
• Various others

• Eliminates most tax expenditures, including phasing out the employer health exclusion
• Restructures tax benefits for low-income families with an earnings credit equal to 21.3% of first $20,300 of earnings.
• Restructures tax benefits for families with children with universal $1,600 credit per child 

• Assumes 2001/2003 tax cuts under $250,000 extended
• Introduces a 6.5% “Debt Reduction Sales Tax” or VAT
• Indexes all of tax code to the chained CPI
• Imposes taxes on alcoholic and sweetened beverages

Reforms the income tax structure:

• Eliminates AMT, PEP, and Pease
• Consolidates 6 Individual Rates into 2 of 15% and 27% (27% for corporations)
• Taxes capital gains and dividends as ordinary income

• Relies on discretionary caps
• Moves to biennial budgeting
• Enacts explicit long-term budgets for entitlement programs
• (From updated version of D-R plan from Peterson Foundation Solution's Initiative) Creates new process of SAVEGO if lawmakers cannot agree to a comprehensive plan, mandating annual savings in different budget categories

• Illustrative options taken from Sustainable Defense Task Force proposal
• Reduces strategic weapons
• Draws down overseas contingency operations
• Reduces procurement and R&D

• Increases early childhood care and education, infrastructure, and fundamental R&D by $2.5 trillion over the next decade

• Eliminates tax cap on employer side, raises to 90% on employee side

• Improves accountable care organizations
• Bundles Medicare payments to providers
• Creates incentives to increase patient safety in hospitals
• Implements comparative effectiveness research
• Strengthens and increases use of IP AB
• Uses more health information technology
• Establishes a public option

• Taxes capital gains and dividends as ordinary income and expands charitable giving credit
• Caps the benefit on itemized deductions at 15%
• Permanently expands EITC
• Makes Child Tax Credit fully refundable
• Permanently extends Making Work Pay tax credit
• Various others

• Assumes 2001/2003 tax cuts under $250,000 extended
• Reforms estate tax with a progressive schedule of marginal rates
• Enacts cap and trade with 50% rebated
• Decreases tax gap
• Enacts a financial crisis responsibility tax
• Enacts a financial speculation tax
• Enacts a surtax on high-earners
• Various others

• Stabilizes debt-GDP at 90% over the long-term
• Applies “progressive PAYGO” to revenue and mandatory spending, but excludes mandatory education programs
• Enacts cap and creates annual review process for tax expenditures

• Implements modified (less strict) version of Bowles-Simpson caps on defense
• Implements all of the Sustainable Defense Task Force recommendations
• Implements Sen. Coburn audit requirements in 2015 so that future spending is frozen at 2015 levels

• Implements modified (less strict) version of Bowles-Simpson caps on non-defense
• Creates “Invest in America Trust Fund” to invest in infrastructure, smart grid, education, broadband, etc.
• Moves the Transportation Trust Fund to mandatory
• Budgets for disasters

• Increases tax cap on employer and employee side to cover 90% of wages (eliminates employer tax cap after 2030)
• Includes new state and local workers in 2020
• Progressive price indexing with bend point at $150,000 of 5%
• Creates new minimum and old-age benefits
• Indexes COLAs to chained CPI
• Treats all salary reduction plans like 401(k)s
• Allows for more flexible investing of up to 15% of the trust fund
• Creates flexible retirement age
• Creates mandatory add-on accounts

• Requires payment for any “doc fixes”
• Holds health care spending beyond 2020 to GDP+1% per beneficiary

Considers various other options to improve and restructure current system, including:

• Implementation of payment reform, prevention, chronic disease from health reform experiments
• Public option
• Requires Medicare to negotiate for lower prescription drug prices
• Increases revenue or means test Medicare
• “Medicare for All” with national budgeting

• Uses chained CPI for all inflation-indexed programs

Option 1:

• Fiscal Commission Zero Plan, keeping EITC and child tax credit

Option 2:

• Wyden-Gregg style reform

Option 3:

• Caps deductions at 15%, tax capital gains and dividends as normal income with a $1,000 exemption
• Permanently extends Making Work Pay, recent EITC, and Child Tax Credit parameters

Option 1:

• Fiscal Commission Zero Plan, consolidating and reducing 6 rates down to 3

Option 2:

• Wyden-Gregg style reform

Option 3:

• Payroll tax holiday (similar to Domenici-Rivlin plan)
• Increases gas tax by $0.15 starting in 2013
• Extends 2001/2003 Tax Cuts under $250,000

Option 4:

• Moves to a hybrid consumption tax system with rebates for low-income

Options to fund “Invest in America Trust Fund”:

• Short-term financial stock transfer fee
• Taxes on internet gaming
• New tax bracket on income over $1 million
• Closes tax gap

• Relies on discretionary caps
• Other budget process reforms in Fiscal Commission plan:
  • Recommends biennial budgeting
  • Tighter rules for Overseas Contingency Operations

• Adheres to the discretionary spending caps and sequester in the Budget Control Act for FY 2013
• Freezes discretionary spending at 2013 levels through 2017

• Adheres to the discretionary spending caps and sequester in the Budget Control Act for FY 2013
• Freezes discretionary spending at 2013 levels through 2017

• Gradually increases normal retirement age to 70

• Repeals health care reform legislation
• Transforms Medicare into a premium support program
• Block grants Medicaid and freezes federal funding at 2012 levels
• Gradually raises Medicare eligibility age to 67

• Reduces other mandatory spending by $1.9 trillion by 2021
• Reduces funding for Pell grants, food stamps, TANF, SSI, farm subsidies
• Reforms unemployment compensation, federal retirement
• Uses chained CPI for all inflation-indexed programs
• Reduces farm subsidies
• Privatizes Fannie Mae and Freddie Mac
• Limits overall means-tested welfare spending to 2007 levels plus inflation growth
• Various others

• Assumes 2001/ 2003/2010 tax cuts are made permanent
• Creates optional tax system with two tax brackets, generous standard deductions and dependent exemptions, and no other tax preferences
• Eliminates AMT
• Reduces corporate tax rate to 25% and moves to a territorial system
• Repeals all taxes from health care reform legislation
• Indexes capital gains basis for inflation
• Eliminates estate tax
• Enacts temporary repatriation holiday

• Caps advance appropriations
• Defines emergency spending
• Requires 2/3 majority to waive Budget Act points of order
• Bans earmarks
• Strengthens CUTGO
• Establishes point of order against unauthorized spending
• Relies on, and creates new, discretionary spending caps

• Assumes troop levels in Iraq and Afghanistan fall to 45,000 by 2015
• Enacts Preble/Friedman reforms: numerous acquisition reductions, RDT&E reductions, reforming military pay and health care, overhead savings, reduce the size of the Army, Marines, and nuclear arsenal

• Eliminates Department of Housing and Education
• Cuts state and local grant cuts in many departments
• Eliminates SBA, CPB, Job Corps, among others
• Reduces federal civilian compensation by 10%
• Reduces foreign aid and NASA funding by 50%
• Eliminates energy subsidies
• Eliminates rail subsidies
• Various others

• Price indexes initial benefits
• Increases retirement age two months after 2010 until it reaches 70 for those born after 1971 increasing one month every other year after that
• Reduces disability program by 10%

• Repeals health care reform legislation
• Assumes yearly doc fixes
• Block grants and freezes Medicaid spending
• Reduces Medicare payment error rate by 50%
• Enacts tort reform
• Increases Medicare premiums
• Increases Medicare deductibles
• Reduces non-Medicaid state and local grants by 50%

• Reduces food stamp
• Eliminates farm subsidies
• Reforms federal retirement benefits
• Reduces student loans

• Cuts EITC by 50%
• Eliminates refundable portion of Child Tax Credit

• Assumes all 2001/2003 tax cuts and AMT extended
• Eliminates tax increases in the health care reform legislation

• Calls for $308 billion less in savings compared to President’s request
• Provides no funding for overseas contingency operations past 2014

• Freezes non-security funding for five years
• Supports four program integrity initiatives
   

• No changes, but “rejects any proposals for privatization”

• Calls for fully offset yearly doc fixes

• Strengthens funding for Pell grants and food stamps
• Reduces farm subsidies
• Creates an infrastructure bank
   

• Makes R&D credit permanent
• Encourages Ways and Means Committee to consider Fiscal Commission’s recommendations on reducing tax expenditures

• Assumes 2001/2003/2010 tax cuts under $250,000 extended
• Patches AMT
• Endorses magnitude (but not specifics) of revenue savings proposed in President’s FY 2012 budget
• Encourages Ways and Means Committee to consider corporate tax reform proposals

• Reduces troop levels in Iraq, Afghanistan, Europe, and Asia
• Cuts unneeded weapons systems
• Reduces Navy fleet
• Reduces nuclear arsenal
• Cuts 10% of commercial activities
• Reduces R&D costs
• Considers reforms to DoD health care

• Suggests reforming spending programs to reduce waste, fraud, and abuse

• Increases payroll tax to cover 90% of wages
• Indexes COLAs to chained CPI
• Includes newly hired state and local government workers
• Closes payroll tax gap
• Increase normal retirement age to 68
• Makes benefit formula more progressive
• Creates new minimum benefit

• Strengthens IPAB
• Adopts delivery system reforms, or “pay for quality”
• Reduces drug costs
• Recoups incorrect Medicare payments, waste, fraud, and abuse
• Increases Part D drug rebates
• Other reforms to lower costs

• Reduces farm subsidies
• Reforms civil service retirement
• Sells excess government property

• Caps itemized deductions at 28%
• Eliminates various fossil fuel and ethanol subsidies
• Eliminates subsidies for private-activity bonds
• Eliminates MID for vacation homes
• Cut exclusion for income earned abroad
• Tax employer-provided life insurance
• Various others

• Implements President Obama’s proposed international tax reforms
• Calls for using some savings from cutting tax expenditures to lower individual and corporate tax rates

• Institutes a debt-to-GDP cap that would automatically cut spending and tax expenditures if targets not met

• Assumes phase-down from wars will permit defense spending of 4% of GDP
• Assumes future military personnel brought under broader proposals for health and retirement reform in the plan

• Freezes non-defense spending at 2008 levels through 2015, and limits growth to inflation
• Transforms federal highway program into state-run program
• Reduces K-12 education spending to 2000 levels (inflation adjusted)
• Various others

• Gradually transforms outlays into a flat benefit for those who have worked over 35 years
  • Reduce benefits levels for modest-income earners and eliminate benefits for top earners
• Reduce benefits levels for modest-income earners and eliminate benefits for top earners
• Increases normal and early retirement ages and indexes them to longevity
• Eliminates payroll tax, and replaces with flat tax
• Creates add-on accounts up to 6% of a worker’s income

• Repeals health care reform legislation
• Enacts permanent doc fix
• Transforms Medicare into premium-support program after 5 years, and limits growth to inflation
• Block grants Medicaid in 2014 at 2007 levels, and limits growth to medical inflation
• Increases Medicare eligibility age to 68 in 10 years and indexes it to longevity

• Reduces anti-poverty spending to 2007 levels (inflation adjusted), and limits growth to inflation
• Reduces farm subsidies
• Reforms student grants into loans
• Sells excess government property

• Eliminates health care exclusion, and replaces with new health tax credit that phases out for higher-earners
• Institutes after-tax option for savings accounts
• Gets rid of all other individual tax expenditures except for a higher education deduction, charitable donations, mortgage interest deduction, and EITC
• Eliminates most corporate tax expenditures, but retains an R&D credit and investment deduction

• Replaces current tax system with single tax rate between 25% and 28% for both individual and corporate taxes
• Eliminates the estate tax
• Eliminates taxes on Social Security benefits and premium-support benefits
• Repeals nearly all excise taxes

• Caps total spending at 18.5% of GDP in 2021 and beyond
• Relies on discretionary caps
• Establishes additional dynamic scoring and longer-term cost estimates of policies

• Limits security spending to $700 billion in 2016. and limits growth to inflation+1%
• Cuts unneeded weapons systems

• Caps non-security discretionary spending
• Increases discretionary spending in education, energy, infrastructure, and anti-poverty programs

• Reduces initial benefits for higher earners
• Increases benefits for lower earners and the very old
• Eliminates payroll tax cap on employer side

• Enacts a public option
• Expands IPAB authority to include all Medicare providers
• Makes other payment reforms

• Reduces farm subsidies
• Increases anti-poverty spending

• Eliminates most individual and corporate tax expenditures, and replaces deductions and exemptions with credits
• Extends R&D credit

• Lowers low and moderate-income tax rates
• Creates temporary millionaire surcharge
• Enacts carbon tax
• Increases gas tax
• Enacts financial transactions tax, and one for large financial institutions
• Modifies estate tax
• Reinstates superfund tax
• Increases other taxes, including on alcohol, cigarettes, and internet gaming

• Relies on discretionary caps

• Calls for defense savings equal to Sustainable Defense Task Force over ten years ($960 billion)
• Limits spending growth after 2021 to inflation

• Increases discretionary spending in education, energy, and infrastructure

• Increases payroll tax cap on employee side to cover 90 percent of wages, and eliminates maximum on employer side

• Enacts a public option
• Funds technology and effectiveness research to reform delivery system
• Increases drug rebates
• Reduces waste, fraud, and abuse
• Makes other payment reforms

• Reduces farm subsidies

• Converts charitable giving and mortgage interest deductions into credits
• Caps remaining deductions and exclusions
• Extends and expands many refundable credits
• Extends R&D credit

• Extends 2001/2003 tax cuts under $250,000
• Creates millionaire surcharge
• Limits preference for capital gains
• Enacts carbon tax
• Increases gas tax
• Enacts financial transactions tax, and one for large financial institutions
• Restores estate tax to pre-2001 levels
• Enacts tax on sweetened beverages

• Reduces total defense spending by $1 trillion
• Reforms TRICARE premiums, cost-sharing, and other expenses
• Cuts unneeded weapons systems and other procurement
• Consolidates and closes military grocery and retail stores and elementary schools
• Reverses ‘Grow the Army Initiative’ and reduces personnel in Europe and Asia
• Adopts Sec. Gates’s efficiency recommendations
• Freezes DoD civilian pay and reduces size of workforce
• Cuts R&D spending
• Various others

• Freezes pay for federal employees for three years
• Reduce federal and contractor workforce by 15 percent
• Reduces federal printing and vehicle costs
• Eliminates federal education loan programs, scales back Pell grants, and consolidates ESEA programs
• Eliminates many energy programs
• Eliminates or reduces numerous discretionary health programs
• Consolidates many agencies
• Various other reductions

• Constrains benefit growth for high earners
• Indexes retirement age to life expectancy and raises early retirement age to 64
• Indexes COLAs to chained CPI
• Reforms spousal benefits
• Reforms disability insurance program to encourage work and reduce improper payments

• Repeals the tax and coverage provisions from health care reform, but keeps most Medicare savings (not IPAB)
• Block grants Medicaid in 2013 and holds growth to rate of inflation plus population growth
• Increases Medicare retirement age to 67 and indexes it to life expectancy
• Increases Medicare premiums for all enrollees
• Numerous other Medicare changes
• Enrolls dual-eligibles in managed care
• Enacts tort reform

• Reduces farm subsidies
• Uses chained CPI for all inflation-indexed programs
• Reforms and reduces food stamps
• Reduces other nutrition programs
• Reforms Supplemental Security Income (SSI) program to simplify the formula and reduce improper payments

• Reduces mortgage interest deduction
• Caps benefit from health insurance exclusion
• Limits the EITC
• Eliminates many energy tax preferences
• Reduces many other individual and corporate tax expenditures