Budget of the Congressional Progressive Caucus
The People's Budget would eliminate the deficit sooner than either the proposed Obama or Ryan Budgets and raise a $31 billion surplus in ten years. It would end the main budget deficit drivers - the Bush tax cuts and Middle East wars; restore progressive income and estate taxes; add negotiation of bulk drug rates to Medicare and preserve Medicare, Medicaid Social Security; eliminate tax subsidies for oil, gas and coal companies; close loopholes for multinational corporations; and tax speculative financial transactions. All are goals supported by the majority of people.
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