Taxpayer group outlines 'fiscal cliff' punt

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On spending, TCS proposes leaving discretionary cuts equal to half of the $109 billion annual cuts. It says appropriators should be given time to specify where the cuts should come from, rather than allowing indiscriminate cutting.

“They know where the bodies are buried,” Ellis said. 

The group would also limit Social Security benefits and lower cost of living increases by changing the way inflation is calculated.