Nancy Pelosi: No Fiscal Cliff Deal Without Tax Hikes For Rich (VIDEO)
Sunday, November 18, 2012
You don't know what you're talking about.
The Progressive Caucus's budget and plan to balance the budget (reduces the deficit by $5.1 trillion)? It beats Obama's, Reid's AND Republicans' plans.
As Paul Krugman has said, the Progressives' budget "balances the budget through higher taxes and defense cuts, plus some tougher bargaining by Medicare (and a Public Option to reduce the costs of the Affordable Care Act). The proposed tax hikes would fall on higher incomes, raising the cap on payroll taxes (takes care of SocialSecurity's solvency forever)... and unlike the Ryan plan, it actually makes sense."
Read the Article at HuffingtonPost
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