Simpson-Bowles Commission

The Simpson-Bowles Commission was a bipartisan task force established in 2010 to address America's long-term fiscal challenges, including budget deficits and rising debt. Its goal was to recommend ways to reduce the national debt through a combination of spending cuts and revenue increases, such as tax reforms. The commission's proposals aimed to create a sustainable economic future by balancing government finances while maintaining economic growth and important social programs. Although Congress did not adopt its recommendations, the report influenced discussions on fiscal responsibility and budget reforms in the U.S. government.