We are committed to putting the nation on a sound fiscal path. We recognize that this will require a combination of revenue increases, spending cuts and reforms to our major entitlement programs.

We need to take full advantage of America’s remarkable economic potential. This includes respect for markets; promote responsible free trade; build and maintain a twenty-first century infrastructure; create a more efficient tax system; restore fiscal sanity by bringing the overall budget back in balance; and rebuild our international institutions to handle modern issues that transcend national borders.