Joint Select Committee update

The Director of the Congressional Budget Office (CBO), Doug Elmendorf said his office had provided the Committee with a “tremendous amount” of estimates of the budgetary effects of different proposals that they are considering. This is the first such statement indicating that the Committee has developed specific deficit reduction plans. Also last week, the Senate’s “Gang of Six” (Senators Conrad (D-ND), Durbin (D-IL), Warner (D-VA), Coburn (R-OK), Crapo (R-ID), and Chambliss (R-GA)) met with the Joint Select Committee on Deficit Reduction behind closed doors. This was first time an outside group has met with the full Committee, but no details were provided. Earlier this year, the Gang of Six released the outline of a plan to reduce the deficit by $4 trillion over 10 years through a combination of spending cuts, a tax overhaul, and changes to entitlement programs. Included in their summary plan were the following proposals that would adversely impact people with disabilities: use of the “chained” consumer price index (CPI) in calculating cost of living adjustments for federal programs, repeal of the CLASS program, and large funding cuts in entitlement programs.

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