On the Chopping Block: Social Security, Medicare and Medicaid

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Among other recommendations were:

-- ending or capping middle class tax breaks, including deductions for home mortgage insurance and tax-free employer provided medical insurance;

-- lowering income taxes dramatically to 9, 15 and 24%, down from six brackets ranging from 10 - 35%;

-- slashing corporate tax rates from the top 35% to 26%;

-- making deep Medicare cuts as well as increasing Medicaid co-pays; and

-- raising the Social Security retirement age to 69 by 2075 as well as reducing annual cost-of-living increases.

A second Bipartisan Policy Center (BPC) commission co-chaired by former Senator Pete Domenici (R. NM) and Alice Rivlin, former director of the Office of Management and Budget and the Congressional Budget Office, issued its own proposal called "Restoring America's Future."

Its recommendations include:

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