http://news.yahoo.com/coburn-proposes-9-trillion-deficit-cut-measure-192145582.html
All over the next decade.
Cuts Pentagon budget by $1 trillion
Raises Taxes (some through closing loopholes) $1 trillion - this includes higher tax brackets, eliminating mortgage interest deductions on second homes and limiting first homes to $500,000
Raises the age for full Social Security to 70
"The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans' lobby by proposing that some veterans pay more for medical care and prescription drugs."
"I have no doubt that both parties will criticize portions of this plan, and I welcome that debate," Coburn told reporters. "But it's not a legitimate criticism until you have a plan of your own."
All over the next decade.
Cuts Pentagon budget by $1 trillion
Raises Taxes (some through closing loopholes) $1 trillion - this includes higher tax brackets, eliminating mortgage interest deductions on second homes and limiting first homes to $500,000
Raises the age for full Social Security to 70
"The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans' lobby by proposing that some veterans pay more for medical care and prescription drugs."
"I have no doubt that both parties will criticize portions of this plan, and I welcome that debate," Coburn told reporters. "But it's not a legitimate criticism until you have a plan of your own."