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Analysis: “Significant positive impacts” under ‘The People’s Budget’ proposed by the Congressional Progressive Caucus

The White House plans to unveil President Trump’s detailed 2018 budget tomorrow. While the people wait for its release it is worth noting that earlier this month the Congressional Progressive Caucus (CPC) released ‘The People’s Budget: A Roadmap for the Resistance [1]’, which contains their plan for what the U.S. budget should be. Their budget was the first release in the 2018 fiscal year budget season, coming before either the President’s budget or any proposal from the Budget Committees.

“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. Pocan [2]. “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 health care.”

Here’s what two prominent organizations had to say after they assessed CPC’s ‘The People’s Budget’.

The Committee for a Responsible Federal Budget, a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact, stated: “The [CPC] budget certainly contains a lot of tax and spending increases, but we welcome budget alternatives that improve the debt situation.” According to Committee’s analysis, ‘The People’s Budget’ “would represent a substantial improvement over our current debt trajectory. [3]

The Economic Policy Institute analyzed and scored CPC’s budget [4] and stated: “We find The People’s Budget would have significant positive impacts.” Specifically, the Economic Policy Institute found The People’s Budget would:

Given the fact that where our leaders decide to invest matters to our well-being, it is vital that Congress develop a 2018 fiscal year budget that is grounded with a goal of serving and protecting all people.

Luis A. Toledo is a Public Policy Analyst for the Budget & Tax Center, a project of the North Carolina Justice Center.