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Perlmutter Supports Bipartisan Simpson-Bowles Debt Reduction Framework

Press Release

Location: Washington, DC

Today, U.S. Rep. Ed Perlmutter joined with 21 Republicans and 54 Democrats to again support a bi-partisan Simpson-Bowles framework for deficit reduction.

The Schrader-Wolf-Cooper-Gibson Amendment adds a finding to the PLAN Act (HR 444) supporting the use of the Simpson-Bowles framework as a basis for balancing the budget. Perlmutter also was one of only 26 Democrats to support the PLAN Act to require the President to submit a balanced budget for FY 2014.

Perlmutter stated, "The Brave 38 are now the Brave 75. We nearly doubled our support for a Simpson-Bowles framework this time, with both Republicans and Democrats voting for it. Clearly there's some willingness to put aside our partisan differences and work together for a comprehensive way to reduce our debt while keeping our promises to seniors, veterans, students and our families.

I already voted for more than $6 trillion in spending cuts, and the overall bill is another step toward deficit reduction. While House Republicans should rely less on gimmicks and games and be more committed to taking bold steps toward balanced and responsible deficit reduction, all solutions should be explored.

I urge the President, the House and Senate to move forward with recommendations from the Simpson-Bowles commission because it is a balanced plan putting both spending cuts and additional revenue on the table. It makes significant cuts big enough to matter, reforms the tax code and reduces the deficit. It's not a perfect plan, but it is a start to real economic security for our nation."

Perlmutter was called one of the "Brave 38" by USA Today last Spring for supporting another Simpson-Bowles like plan to balance the budget.

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