On November 17 the Bipartisan Policy Centre’s Debt Reduction Task Force (Task Force) released its anticipated plan to reduce US debt. The Task Force, co-chaired by former White House budget director and Federal Reserve vice-chair Dr. Alice Rivlin, and former Senate Budget Committee Chairman Pete Domenici, proposed a broad-based tax on goods and services. The tax, intended to revitalise the US economy, is described in a 140-page report, titled “Restoring America’s Future.”
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