WASHINGTON– Congressional Progressive Caucus (CPC) Co-Chairs Reps. Raúl M. Grijalva (D-Ariz.) and Keith Ellison (D-Minn.) issued the following statement today as the CPC released its Better Off Budget:
“During our economy’s best decades, Congress invested in the American workforce and every family was better off for it. But recent years have been dominated by growing inequality and a Republican majority in Congress obsessed with slashing the budget, making it harder for working Americans to find decent jobs and save for the future. The Congressional Progressive Caucus’ Better Off Budget reverses the damage their austerity agenda has inflicted on hard-working families and restores our economy to its full potential by creating 8.8 million jobs by 2017.
“The Better Off Budget reverses harmful cuts that have hit working families the hardest—starting with repealing across-the-board budget cuts known as the sequester. It creates a fairer tax code so that low and middle-income families no longer pay more than they should while the world’s biggest corporations benefit from unnecessary loopholes. Our budget reverses harmful pay freezes, expands benefits for federal retirees and strengthens federal health care and retirement programs Americans rely on.
“When the federal budget invests resources wisely, we can meet the needs of working families and shrink the deficit. The Better Off Budget not only creates jobs, it reduces deficits by $4.08 trillion over the next 10 years. It’s the right budget for the country, for working families and for our future.”
The release of the CPC’s Better Off Budget comes a week after President Obama presented his budget proposal to Congress and well ahead of Rep. Paul Ryan’s expected plan being made available. A brief summary of the Better Off Budget’s key provisions and topline numbers is available here and more detailed description of the budget, including job creation and deficit reduction impacts is available here.