A popular plan no one wants
Updated: December 9, 2012 - 5:51 PM
An important fact to keep in mind in the coming days: The "Bowles plan" that House Speaker John Boehner endorsed is not the same as "the Simpson-Bowles plan." It's not even the plan supported by its apparent namesake, Erskine Bowles, who insists that he was simply sketching out the evident middle ground between the members of the "supercommittee."
The Simpson-Bowles plan -- which Erskine Bowles does actually support -- occupies strange territory in Washington: Almost every politician professes to admire it, almost none of them is willing to vote for it and almost none of its supporters know what's in it.
So here, with an assist from the Center on Budget and Policy Priorities, are a few facts about the Simpson-Bowles plan. And remember: Simpson-Bowles is a centrist proposal.
1. Simpson-Bowles ends the George W. Bush tax cuts for income over $250,000. And note that it does that before it reforms the tax code. The expiration of the tax cuts is built into its baseline.