{"id":2869,"date":"2011-04-12T08:41:57","date_gmt":"2011-04-12T08:41:57","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=2869"},"modified":"2011-04-12T08:41:57","modified_gmt":"2011-04-12T08:41:57","slug":"the_peoples_budget","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=2869","title":{"rendered":"The “People’s Budget”"},"content":{"rendered":"

Byron York posted an article at the Washington Examiner<\/a> yesterday about the “People’s Budget.”  The People’s Budget is a document put together by the Congressional Progressive Caucus, a group of 76 liberal Democrats in the House.  This document was released just as President Obama prepares to release his budget plan.<\/p>\n

The People’s Budget is the Democrat response to the budget suggested by Congressman Paul Ryan.  The Democrats claim that their plan will eliminate the deficit in ten years; Paul Ryan’s plan takes 25 years.  <\/p>\n

The article explains how the Democrats plan to end the deficit:<\/p>\n

\n

“The caucus would create three new individual tax brackets for the highest incomes, topping out at 47 percent.  It would also raise the capital gains tax, the estate tax and corporate taxes.  It would create something called a “financial crisis responsibility fee: and a “financial speculation tax.”  And of course it would repeal the Bush tax cuts.”<\/em><\/p>\n<\/blockquote>\n

The tax increases should not be a surprise:<\/p>\n

\n

“I’m as opposed to the high-end tax cuts today as I’ve been for years,” Obama said in a press conference on Dec. 7, 2010. “In the long run, we simply can’t afford them. And when they expire in two years, I will fight to end them, just as I suspect the Republican Party may fight to end the middle-class tax cuts that I’ve championed and that they’ve opposed.”<\/em><\/p>\n<\/blockquote>\n

It is expected that the budget President Obama releases will repeal the Bush tax cuts.  It is not clear what new taxes the President will add.<\/p>\n

Lest we forget, higher taxes place a drag on the economy; Democrats traditionally support raising taxes as a way to raise revenue; history shows that cutting taxes raises revenue and stimulates the economy.  This is not a time to raise taxes on anyone.<\/p>\n","protected":false},"excerpt":{"rendered":"

Byron York posted an article at the Washington Examiner yesterday about the “People’s Budget.”  The People’s Budget is a document put together by the Congressional Progressive Caucus, a group of 76 liberal Democrats in the House.  This document was released just as … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2869","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2869"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2869\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}