Congressional Progressive Caucus introduces FY2013 budget

[greenforest32]

http://cpc.grijalva.house.gov/index.cfm?sectionid=61&sectiontree=5,61&itemid=553

3/26/12
Reps. Raúl M. Grijalva (D-Ariz.) and Keith Ellison (D-Minn.), the co-chairs of the Congressional Progressive Caucus (CPC), and Rep. Michael Honda, the CPC Budget Taskforce Chairman and principal author of the CPC 2013 Budget, today released their full alternative budget, the Budget for All. The CPC budget calls for no cuts to Medicare, Medicaid or Social Security benefits, astark contrast to the House Republican cuts-only scheme that fails to balance the budget. The Budget for All invests in proven job creation initiatives and includes popular reforms such as public financing of Congressional and presidential elections, progressive taxation and a public health care option.

The full budget materials can be read at Budget4all.org.

A one-page summary is available at http://1.usa.gov/H6u4lI and the executive summary is available at http://1.usa.gov/GQRcVC.

One-page summary:

Our Budget Puts Americans Back to Work
Our budget attacks America’s persistently high unemployment levels with more than $2.9 trillion in additional job-creating investments.  This plan utilizes every tool at the government’s disposal to get our economy moving again, including:
• Direct hire programs that create a School Improvement Corps, a Park Improvement Corps, and a Student Jobs Corps, among others.
• Targeted tax incentives that spur clean energy, manufacturing, and cutting-edge technological investments in the private sector.
• Widespread domestic investments including an infrastructure bank, a $556 billion surface transportation bill, and approximately $2.1 trillion in widespread domestic investment.

Our Budget Exhibits Fiscal Discipline
• The Budget for All achieves $6.8 trillion in deficit reduction, hits the same debt to GDP ratio as the Republican budget, and has lower deficits in the last five years, but does so in a responsible way that does not devastate what Americans want preserved.
• We achieve these notable benchmarks by focusing on the true drivers of our deficit – unsustainable tax policies, the wars overseas, and policies that helped cause the recent recession – rather than putting the middle class’s  social safety net on the chopping block.

Our Budget Creates a Fairer America
• Ends tax cuts for the top 2% of Americans on schedule at year’s end
• Extends tax relief for middle class households and the vast  majority of Americans
• Creates new tax brackets for millionaires and billionaires
• Eliminates the tax code’s preferential treatment of capital gains and dividends
• Abolishes corporate welfare for oil, gas, and coal companies
• Eliminates loopholes that allow businesses to dodge their true tax liability
• Calls for the adoption of the “Buffett Rule”
• Creates a publicly funded federal election system that gets corporate money out of politics for good

Our Budget Brings Our Troops Home
• Responsibly and expeditiously ends our military presence in Iraq and Afghanistan, leaving America more secure at home and abroad
• Modernizes our military to address 21st century threats and stop contributing to our deficit problems

Protects American Families
• Provides a Making Work Pay tax credit for families struggling with high gas and food cost 2013-2015
• Extends Earned Income Tax Credit, the Child and Dependent Care Credit
• Invests in programs to stave off further foreclosures to keep families in their homes
• Invests in our children’s education by increasing Education, Training, and Social Services

[Torie]

To find any kind of detail of the array of new revenue streams that are supposed to pay for this all, is like trying to find what is severable in the Obamacare Act. Despite wandering through several pages, the only information that I was able to gather is that loopholes for the fat cats will be eliminated, the Bush tax cuts for the rich are gone (yawn), some other chatter which does not seem to have much to do with revenue, and the institution of the Buffet rule, which I guess is a new 30% alternative minimum tax (does it pick up municipal bond income too, or does that loophole remain?), but that is not explained either, and nothing has any numbers, either on the spending side or revenue side. The site appears designed for dumbs. I will exercise self restraint, and not characterize its authors.

[Senator Snowstalker]

I'd probably tweak some stuff (some is stupid, some doesn't go far enough), but overall it's far better than the Rethuglicans have.

[perdedor]

It would be a step in the right direction, but largely this is too progressive for the Democratic Party at large.

[Purch]

Doesn't this budget like the Paul Ryan one eventually leave us in more debt rather than less?

[asexual trans victimologist]

The difference is that the Congressional Progressive Caucus, unlike Paul Ryan, does not present itself to the media and the public as concerned with the subject of debt to the exclusion of all else.

[Purch]

The difference is that the Congressional Progressive Caucus, unlike Paul Ryan, does not present itself to the media and the public as concerned with the subject of debt to the exclusion of all else.

So neither of them address the problem that's gonna be passed onto the next generation. That's cool. Add the slashing of the military budget from this plan to Paul Ryan's plan and maybe we'll have a template as to the route we have to take to get rid of this debt by cutting both domestic programs and foreign spending.

[ModerateCoward]

The difference is that the Congressional Progressive Caucus, unlike Paul Ryan, does not present itself to the media and the public as concerned with the subject of debt to the exclusion of all else.

So neither of them address the problem that's gonna be passed onto the next generation. That's cool. Add the slashing of the military budget from this plan to Paul Ryan's plan and maybe we'll have a template as to the route we have to take to get rid of this debt by cutting both domestic programs and foreign spending.

Improved infrastructure... Improved productivity...  Make it easier to pay off the debt in the future....

[greenforest32]

To find any kind of detail of the array of new revenue streams that are supposed to pay for this all, is like trying to find what is severable in the Obamacare Act. Despite wandering through several pages, the only information that I was able to gather is that loopholes for the fat cats will be eliminated, the Bush tax cuts for the rich are gone (yawn), some other chatter which does not seem to have much to do with revenue, and the institution of the Buffet rule, which I guess is a new 30% alternative minimum tax (does it pick up municipal bond income too, or does that loophole remain?), but that is not explained either, and nothing has any numbers, either on the spending side or revenue side. The site appears designed for dumbs. I will exercise self restraint, and not characterize its authors.

Really? Did you even look at pages 17-20 of the executive summary? It's where all the figures are.

[Senator North Carolina Yankee]

There is absolutely no way the word responsible can be attached to this trash.

[Purch]

The difference is that the Congressional Progressive Caucus, unlike Paul Ryan, does not present itself to the media and the public as concerned with the subject of debt to the exclusion of all else.

So neither of them address the problem that's gonna be passed onto the next generation. That's cool. Add the slashing of the military budget from this plan to Paul Ryan's plan and maybe we'll have a template as to the route we have to take to get rid of this debt by cutting both domestic programs and foreign spending.

Improved infrastructure... Improved productivity...  Make it easier to pay off the debt in the future....

Everyone keeps putting this off until the future but if we don't start making major cuts to take care of the debt NOW the future's gonna look very bleak for us... especilly if we end up getting involved in a hypothetical war with Iran

[pillage the village, trash the scene]

There is absolutely no way the word responsible can be attached to this trash.

[Pacific Councillor Big Wiggly Style]

There is absolutely no way the word responsible can be attached to this trash.

[greenforest32]

House votes on the CPC FY2013 budget as introduced by Mike Honda (CA-15): http://clerk.house.gov/evs/2012/roll148.xml

H CON RES 112      RECORDED VOTE      29-Mar-2012      12:14 PM
AUTHOR(S):  Honda of California Substitute Amendment
QUESTION:  On Agreeing to the Amendment

Republican - 0 ayes, 239 noes, 2 not voting
Democratic - 78 ayes, 107 noes, 5 not voting
Total - 78 ayes, 346 noes, 7 not voting

[memphis]

My Representative voted for it. Good for him!

[○∙◄☻¥tπ[╪AV┼cVê└]

House votes on the CPC FY2013 budget as introduced by Mike Honda (CA-15): http://clerk.house.gov/evs/2012/roll148.xml

H CON RES 112      RECORDED VOTE      29-Mar-2012      12:14 PM
AUTHOR(S):  Honda of California Substitute Amendment
QUESTION:  On Agreeing to the Amendment

Republican - 0 ayes, 239 noes, 2 not voting
Democratic - 78 ayes, 107 noes, 5 not voting
Total - 78 ayes, 346 noes, 7 not voting

Wow, it didn't even get half of the Democrats? Well, I suppose we already knew that most Democrats suck.

[Harry]

As long as it vigorously funds NASA, then yes. Ending the space shuttle without a replacement on the horizon is a national disgrace and the only major mistake Obama has made