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The Economic Policy Institute estimated that had the Bowles-Simpson plan been implemented starting in 2012, it would have reduced employment by 1.4 million jobs in 2013 and 1.9 million jobs in 2014. Over the first three years, employment would fall by 4 million jobs under Bowles-Simpson.<ref name="EPI">Josh Bivens and Andrew Fieldhouse, [http://www.epi.org/publication/fiscal_commissioners_proposal_would_cost_millions_of_jobs/ Fiscal commissioners' proposal would cost millions of jobs], Economic Policy Institute, November 16, 2010.</ref> The EPI also estimated that the Bowles-Simpson plan would have reduced economic growth by 4 percent over the first three years.<ref name="EPI"/>
The "Moment of Truth" document that is often referred to as the Commission's "final report" ([http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth12_1_2010.pdf The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform]) is in fact better described as a report of the co-chairs, Erskine Bowles and Alan Simpson. There is no approved "final report", because the The Commission failed achieve a 14-member, super-majority vote to approve a final report which would have triggered and trigger a vote in Congress on the package. <ref>[http://www.nytimes.com/interactive/2010/12/03/us/politics/deficit-commission-vote.html In a 11-7 Tally, the Fiscal Commission Falls Short on Votes] ''The New York Times'', December 3, 2010.</ref>
On March 28, 2012, Representatives [[Jim Cooper]] (D-TN) and [[Steve LaTourette]] (R-OH) put forward a bill modeled on the plan which, according to analyst [[Ezra Klein]], had "somewhat less in tax increases." The House rejected the proposal 382 to 38. 22 Democrats and 16 Republicans supported the bill.<ref>Ezra Klein, [http://www.washingtonpost.com/blogs/wonkblog/post/wonkbook-house-reaches-bipartisan-deal-to-reject-simpson-bowles/2012/03/29/gIQAfucdiS_blog.html Wonkbook: House reaches bipartisan deal to reject Simpson-Bowles] ''The Washington Post'' - WonkBlog, March 29, 2012.</ref> <ref>Andrew Taylor, [http://www.huffingtonpost.com/2012/03/29/simpson-bowles-plan-rejected-house-vote_n_1387601.html Simpson-Bowles Plan Rejected By House], ''The Huffington Post'', March 28, 2012.</ref>
