Let me remind you, the Paul Ryan plan takes 4.2 Trillion from the middle class, the poor, and the disabled while giving 4.3 TRILLION to the top 2%! What the fuck is that all about and why do Righties support that?!
How is that trickle down worked for you middle America?? By my estimations NOT VERY WELL!
Don't confuse the Progressives plan with the Presidents plan either.
The CPC proposal:• Eliminates the deficits and creates a surplus by 2021
• Puts America back to work with a “Make it in America” jobs program
• Protects the social safety net
• Ends the wars in Afghanistan and Iraq
• Is FAIR (Fixing America’s Inequality Responsibly)
What the proposal accomplishes:
• Primary budget balance by 2014.
• Budget surplus by 2021.
• Reduces public debt as a share of GDP to 64.1% by 2021, down 16.5 percentage points from
a baseline fully adjusted for both the doc fix and the AMT patch.
• Reduces deficits by $5.6 trillion over 2012-21, relative to this adjusted baseline.
• Outlays equal to 22.2% of GDP and revenue equal 22.3% of GDP by 2021.
Here’s how the CPC budget works.....
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
3. CMS program integrity and other
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
Nondefense investment
1. Invest $1.45 trillion in job creation, education, clean energy and broadband infrastructure, housing, and R&D
2. Infrastructure bank
3. Surface transportation reauthorization bill
4. Finance surface transportation reauthorization by raising the motor fuel tax by 25 cents
Now come on people, what isn't there to love about this plan??? There is a stark difference between the Ryan plan and the CPC budget plan, you have to be Progressive HATER not to see this plan is what will save America. Mr. President are you listening to the Progressive Caucus???? You better be, for your own future endeavors....Once this plan gets to the airways (We all know the media doesn't focus on liberal news) the country will be as supportive as I am.
Support for the People's Budget
Paul Krugman
Jeffrey Sachs
The Economist
The New Republic
The Washington Post
The Guardian
The Nation
Center for American Progress
Economic Policy Institute
