Other proposals listed in the GOP leadership's list of options, include:
—Eliminating the authority of the government to charge a bailout fee to big banks under the Dodd-Frank financial oversight law. The fee could only be charged it there's a major bank failure. The document claims $23 billion in savings.
—Increase Medicare "means testing" to permit higher premiums for Medicare beneficiaries, raising $56 billion.
—Cap "pain and suffering" damages in medical malpractice lawsuits to $250,000 and cap punitive damages at the greater of $250,000 or twice the economic damages in such suits.
—Reduce a gimmick in which states levy taxes on health care providers as a way to game the Medicaid system and receive higher federal payments at a savings of $11 billion.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.