The Congressional Progressive Caucus (CPC) on Tuesday unveiled its “People’s Budget,” offering a vision of economic equality and fairness that comes in sharp contrast to the Trump administration’s “slash-and-burn approach to governing based on ideological extremism.”
The People’s Budget: A Roadmap for the Resistance (pdf) includes a $2 trillion infrastructure investment; closes corporate tax loopholes; ensures families don’t pay more than 10 percent of their income for childcare; and supports progressive measures such as a minimum wage increase, clean energy expansion, and debt-free college. Bottom line, the caucus said Tuesday, the document “puts political and economic power back in the hands of the people.”
It boasts the support of dozens of advocacy organizations, and the Economic Policy Institute’s (EPI) analysis, also released Tuesday, says the budget would increase economic and employment growth, boosting GDP by 2 percent and employment by 2.4 million jobs in the near term.
Pointing to one specific proposal, EPI’s Hunter Blair said: “The People’s Budget offers a childcare and early childhood education solution that will not only ease family life in this country, but will also boost the wages of childcare workers. Because this budget invests about one trillion dollars in childcare, lower income families will have the same opportunities as wealthier families.”
Members of the CPC contrasted the document’s priorities with those of President Donald Trump and his corporate cabinet.
“It’s one thing to oppose President Trump and expose his broken promises to workers, but it’s also important to lay out a positive path forward,” said Rep. Mark Pocan (D-Wis.). “The Congressional Progressive Caucus’s budget is a plan to actually help working Americans who have felt left behind by an economy rigged against them. Our budget is a roadmap for the resistance, investing in the progressive priorities and economic, kitchen-table issues that matter to real people: infrastructure to create jobs; education to help our kids reach their full potential; and access to affordable healthcare.”
It strongly opposes what Rep. Bonnie Watson Coleman (D-N.J.) described as “President Trump’s disgraceful budget and unworkable tax proposals [that] are merely a handout to the wealthy at the expense of hardworking families and vulnerable communities.”
“Our nation cannot succumb to such dangerous and divisive ideals,” she said. “As bad as it may be, the Trump budget did not develop in a vacuum; it ultimately reflects a failed and untenable conservative vision for the nation that has only succeeded in widening economic inequality, stagnating wages for American workers, and cutting social safety net programs.”
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