National Priorities Project has an excellent side-by-side comparison of the Obama, Ryan, and Progressive Caucus budgets at Competing Visions.
The Congressional Progressive Caucus’s “Budget for All” would:
- End emergency war funding beginning in FY2014 and reduce the Pentagon’s base budget.*
- Bring our troops home and realign national security strategy, saving $1.1 trillion over 10 years.
- Invest $2.9 trillion in jobs, manufacturing, alternative energy, entrepreneurs and small business.
- Let Bush-era tax cuts expire for the highest incomes in 2012 and enact a high net-worth surcharge.
- Treat capital gains and qualified dividends as ordinary income.
- Limit regressive itemized deductions for high earners.
- End corporate welfare, establish accountability to discourage–not subsidize–harmful activity.
- Reduce deficits $6.8 trillion, cut spending $749 billion, reduce debt to 62.3% of GDP by 2022.
- Much more! (See the “Budget for All” for more details and rationale.)
*Cut nuclear weapons spending $100 billion over the next decade via Congressman Ed Markey’s (D-MA) SANE Act (Smarter Approach to Nuclear Expenditures Act, HR 3974).
*Responsibly and speedily end our military presence in Iraq and Afghanistan, incorporating elements from Congresswoman Barbara Lee’s (D-CA) Responsible End to the War in Afghanistan Act (HR 780).