SIMSCN-8CWLLS 8UDGL1 SU8S1I1U1L

1he Slmpson-8owles 8udgeL SubsLlLuLe, lnLroduced by 8eps. !lm Cooper (u-1n), SLeven
La1oureLLe (8-CP), kurL Schrader (u-C8), Charles 8ass (8-nP), Mlke Culgley (u-lL), and
1om 8eed (8-n?), Lakes Lhe Slmpson-8owles Commlsslon benchmarks and puLs Lhem
lnLo a budgeL resoluLlon framework. Llke all budgeLs, Lhe Slmpson-8owles SubsLlLuLe
provldes a blueprlnL for commlLLees of [urlsdlcLlon Lo deLermlne how spendlng cuLs
should be made, based on Lhe general prlnclples ouLllned ln Lhe Slmpson-8owles reporL.


2022 Def|c|t
as GD
2022 Debt
as GD
kyan -1.2 62.3
**kyon w/ uoc lix ond
kepeo/inq 5equester
-2.0X 8.0X
S|mpson-8ow|es -1.4 67.9

ueLalls of Lhe Slmpson-8owles 8udgeL SubsLlLuLe are as follows:
1he only 8IAk1ISAN proposal
Lmbodles Lhe S|mpson-8ow|es Comm|ss|on approach
Shared sacr|f|ce: LveryLhlng ls on Lhe Lable
8|g enough to matter: CuLs deflclL by over $4 Lrllllon over 10 years and puLs debL-Lo-
Cu on downward Lra[ecLory sLarLlng ln 2013
8a|anced approach: 8educes deflclL wlLh 2/3 spendlng cuLs, 1/3 Lax reform
kepea|s the sequester: 8eplaces across-Lhe-board cuLs wlLh a balanced plan
8lparLlsan cooperaLlon Lo ensure 7S-year so|vency of Soc|a| Secur|ty
1ax reform:
o keduces tax rates for lndlvlduals, small buslnesses, and corporaLlons
o Comprehens|ve: 8roadens base, lowers raLes, and reduces deflclL
o 8educes Lhe 51.3 tr||||on |n annua| tax expend|tures and Lax glve-aways
o Moves Lo terr|tor|a| system of LaxaLlon
PealLh care:
o lmmedlaLe reforms Lo pay for permanent SGk f|x and reduce deflclL
o L|m|ts |ong-term growth for federal healLh care spendlng Lo Cu+1

voLe for Lhls AND your favorlLe budgeL L