(The Center Square) – A think tank proposed $700 billion in cuts that it says should have bipartisan support in the legislature as Congress prepares for a new term that could focus on taxing and spending policies, including extending the debt limit and the 2017 tax cuts.

The Committee for a Responsible Federal Budget proposed a list of cuts and revenue increases that could save $700 billion over the next decade. Some are as simple as closing loopholes in federal programs and making sure Americans pay their full tax bills. Others are more complex.