Deficit Panel Report
Social Security is now “on the table” as well as military spending and tax reform. The bottom line is an estimated $4 trillion in deficit reduction by 2020. Sound like weird science? Maybe not. Here’s more of the panel’s recommendations, noted in the vernacular section designation:
§: Social Security: Raising the retirement age to 68 by 2050 and 69 in 2075
§: Reduce income tax rates to 8%, 14%, and 23%
§: Eliminating the home mortgage interest deduction
