While Republican Paul Ryan and President Obama face off in the
budget in the budget debate, another proposal,introduced by 76
democratic congresspeople,offers a hard-to-ignore solution that
lowers the debt faster thanthe others, and has traction with
the public. It is called the People's Budget.
Introduced by the Congressional Progressives Caucus (CPC,the
Peiople's Budget significantly raise taxes on the wealthiest
Americans and corporations. The Budget also ends America's
involvement in the wars in Iraq and Afghanistan after 2012,
and further the size and strength of US forces.
Part of the increased revenues collected according to the
CPC plan would be used to support a total of $1.7 trillion
worth of new investments in education,afforfdable housing,
clean energy, and infrastructure over the next10 years.
Caucus co-chairs Keith Ellison (D-Minn) and Raul Grjalva
(D-AZ)commissioned the Economic Policy Institute to conduct
independent verification of their proposals,with most
economists find credible.
The People's Budget reduces deficits by $5.7 trillion in the
next 10 years, produces a budget surplus and results in a
debt ratio that
The people
