Schakowsky Deficit Reduction Plan ‘PRINCIPLES 1) Achieve deficit reduction and stabilize debt without harming lower-income and middle-class Tales 2) Create jobs and restore economic prosperity 3) Make investments to keep America strong and competitive ~ and raise sufficient revenues to fund them 4) Provide shared opportunity and reduce unprecedented income disparities '5) Solve problems — don’t shift costs and burdens to families and businesses SPUR ECONOMIC GROWTH AND JOB CREATION Includes $200 billion in investments in 2011 and 2012. ACHIEVING PRIMARY BALANCE IN FY2015 (Figures in Billions) Non-Defeneo, $8.55, 2% indatory, 4.70 , 8%‘Schakowsky Deficit Reduction Plan Deficit Reduction Option _in 2015 $8iions) Details limite the Market laccare Program Discretionary Non-Defense $85 Bion ig Copy machines, iroduce saray avn 3 computer usage, and ebminate pap‘Schakowsky Deficit Reduction Plan opt Hata Care $172 Baton [son Pay-For Delay [Medicare Rx Plan 2 Mecicare-sdminstored Part D dug plano compete with private pans. Medicare Rx Paice Neeene [Requires Medicare to use is bargaining power o negotiate for dr pres jones on Ta years TS Tears SOS) 50% cutin tose dect suppor for aprcuture. Much of tho federal assistance |Roduce farm subsides 78 rsarcetng loves exerts massive Sounward pressure on am comedy pe *Ieeats tis option was inc Bonles-Sinpsonpropossaes‘Schakowsky Defleit Reduction Plan (Fax Capa Gas ane DDidends as Oninary [Raise vaes at he levate sector pays for lose of ub leg. EPA gives away $02 atowances each your under the Clean Ar Act- auction then) , Instead ist Dept of nterir royalty reset oafshore dln 2nd gas production letend FCC's authory to aucton radio specrum lcanses tonal Options [aise lob caps in feral an or Index wif ation, where Km aloady [egg Clean Wet Ad he OF Palution RA‘Schakowshy Dect Reduction Pan aicent of Projected Shorfall Cased 14% ‘Social: [Fending would be use to maximize ob creation bases en an anaes bs fr America al, unding for ecuestion and aw enforcement Ul, iestusure. a0