The Hill News

As I mentioned in an op-ed in The Hill earlier this week, I have been working with my Congressional Progressive Caucus colleagues, economists and tax policy experts to develop a budget that eliminates the deficit (which Ryan fails to do), puts America to work building a competitive economy, invests in our schools, brings the troops home, protects social security and represents a fair deal for working families.  We make the tax code fair, asking the wealthiest individuals, corporations hiding money overseas, oil companies raking in record profits and Wall Street banks that gambled away our money to pay their fair share. We fix roads, bridges and waterways, we build a world-class high-speed rail system and broadband, we end our addiction to oil and the endless wars that come with it, we meet our obligations to seniors and we educate our children for the global workforce. Our budget does all this while eliminating the deficit, cutting nearly $1 trillion in waste, and! reducing debt burden.

Members of the Congressional Progressive Caucus are introducing this “People’s Budget” next week, which world-renowned economist Dr. Jeffrey Sachs just endorsed. Dr. Sachs, whom CNN’s Fareed Zakaria this week called “one of the world's leading economists, the go-to man for guiding countries out of economic crises, ”explains the need for the “People’s Budget” in this morning’s column on the Huffington Post. In addition to eliminating the deficit, Dr. Sachs calls it “humane, responsible, and most of all sensible, reflecting the true values of the American people and the real needs of the floundering economy. 

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