In Europe, policymakers, including the European Central Bank, demand consolidation for high-debt countries, but are flexible in negotiations; voters, however, reject it – most recently in Italy. In the United States, Republicans propose to balance the budget within ten years by reforming entitlement spending and taxes (with fewer exemptions, deductions, and credits providing the revenue needed to reduce personal tax rates and a corporate rate that, at 35%, is the highest in the OECD).