Former Senator Pete Domenici: Medicare and Tax Reform Remain the Cornerstones of Real Fiscal Reform

Domenici co-chairs the Bipartisan Policy Center's Debt Reduction Task Force with Alice Rivlin

WASHINGTON, Dec. 16, 2011 /PRNewswire-USNewswire/ -- 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/.

SOURCE Bipartisan Policy Center