"People's Budget" from the Congressional Progressive Caucus

[SHRED]

Of course we hear on and on about the Tea Party demands.
Why is that?

Why in the HELL aren't we hearing about this also from the "librul" media?


Breakdown of Policies

Individual income tax policies
1. Extend marriage relief, credits, and incentives for children, families, and education, but
let the upper-income tax cuts expire and let tax brackets revert to Clinton-era rates
2. Index the AMT for inflation for a decade (AMT patch paid for)
3. Rescind the upper-income tax cuts in the tax deal
4. Schakowsky millionaire tax rates proposal (adding 45%, 46%, and 47% top rates)
5. Progressive estate tax (Sanders estate tax, repeal of Kyl-Lincoln)
6. Tax capital gains and qualified dividends as ordinary income

Corporate tax reform
1. Tax U.S. corporate foreign income as it is earned
2. Eliminate corporate welfare for oil, gas, and coal companies
3. Enact a financial crisis responsibility fee
4. Financial speculation tax (derivatives, foreign exchange)

Health care
1. Enact a public option
2. Negotiate Rx payments with pharmaceutical companies
3. CMS program integrity and other Medicare and Medicaid savings in the president’s
budget.
4. Prevent a cut in Medicare physician payments for a decade (maintain doc fix)

Social Security
1. Raise the taxable maximum on the employee side to 90% of earnings and eliminate the
taxable maximum on the employer side
2. Increase benefits based on higher contributions on the employee side

Defense savings
1. End overseas contingency operations emergency supplementals starting in 2013,
providing $170 billion in FY2012 funding for withdrawal
2. Reduce baseline Defense spending by reducing strategic capabilities, conventional
forces, procurement, and R&D programs

Job Creation
1. Invest $1.45 trillion in job creation, early childhood, K-12 and special education, quality
child care, energy and broadband infrastructure, housing, and R&D
2. Infrastructure bank
3. Surface transportation reauthorization bill
4. Finance surface transportation reauthorization

http://grijalva.house.gov/uploads/CPC.Budget.112th.Memo.pdf

http://cpc.grijalva.house.gov/index.cfm?sectionid=70§iontree=5,70

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[mmonk]

1. That sounds like people trying to fix what's wrong.

I hear that's leftist extremism.

[prairierose]

2. Wow, I really like these people...could we find more...

like them? All that "socialism" makes me happy. Rich people and corprats paying a share of the costs and getting less welfare. :applause:

[ewagner]

3. I like a lot of this

I shared it on FB ....

I like the "Make it in America" element...that is the root of our problem...we've allowed manufacturing to be shipped overseas and the good-paying jobs along with it. American Manufacturing has to be subsidized to keep up with the near-slavery level wages paid elsewhere....

I also like the ending of Corporate welfare to oil, gas and coal...and also a tax on speculative investment vehicles like derivatives.

[bobbolink]

4. So, the "Progressive Caucus" leaves out low-income housing.

Such "friends" we have in our corner.

[Mrs. Ted Nancy]

5. Housing is there

It is easy to miss.

Job Creation

1. Invest $1.45 trillion in job creation, early childhood, K-12 and special education, quality
child care, energy and broadband infrastructure, housing, and R&D

[bobbolink]

8. Thank you, although I am suspicious that it is under "Jobs". ONLY for people who are working?

Is this more middleclass housing assistance, rather than low-income?

No, I no longer blindly trust. I have been fooled once too often.

[Search4Justice]

6. Good principled priorities.

Sadly, it'll never see the light of day.

[Raksha]

7. That looks VERY good...I saved it, and will write to Obama

to urge him to use this budget proposal as the starting point in his negotiations with the Republicans...for all the good THAT will do! :rofl:

[spedtr90]

13. He needs to use it to negotiate with Dems first.

For God's sake can we get some unity? A clear message?

[mod mom]

9. They need to start acting like tea baggers and refuse to give in.

Why must d's always be the ones to give in w compromise?

[SHRED]

10. I emailed Obama this

I am sure he will read it...LOL

http://www.whitehouse.gov/CONTACT/


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[hifiguy]

11. Voices of sanity

that will never be heard in the corporate media...:(

[spedtr90]

15. They only love the crazy

So maybe it's time to go crazy to save America.
Anthony Weiner needs to hold seminars for his fellow Democrats.

[spedtr90]

12. So will Obama and Dems meet and come up with a budget THEY ALL support?

Why would they not? The need is to do so is a no-brainer!
If Democrats in Congress and the President were on the same page and get out and TALK to people the Ryan plan would not have a prayer outside the most rabid members of the Tea Party.
My greatest wish is to see Democrats push Bachmann, Cantor, etc. aside and get some camera time with some offense. Now.

This is much like Sen. Jan Sakowsky's Plan. PDF w/ more specifics at https://secure.mydccc.org/o/30047/images/Schakowsky%20Deficit%20Reduction%20Plan.pdf

[xchrom]

14. Awesome