The plan has a ratio of about $3 in cuts for every $1 in revenue, he said in a conference call hosted by the nonpartisan group No Labels on Thursday evening. The plan includes reforming the tax code and reducing rates, as well as about $500 billion in cuts from health care entitlement programs, a reference to Medicare and Medicaid.
Warner said the longer lawmakers wait, the more difficult it will be to reduce the deficit, which he said is on an unsustainable path.
“How does this get any easier a year or two years from now?” he asked. “Let’s go ahead and bite this bullet.”
Former Sen. Scott Brown, R-Mass., candidate for U.S. Senate in New Hampshire, holds his hand over his heart during the singing of the national anthem as he waits to take the stage for his town hall campaign rally with Sen. John McCain at the Pinkerton Academy in Derry, N.H., on Monday, Aug. 18, 2014.