Where's The News On The People's Budget?

I talked about The People's Budget, the liberal answer to the Ryan Unicorn Plan, the week before last and asked:

It's got the whole kitchen sink in there:  the public option, killing the Bush tax cuts on the upper class and replacing them with Rep. Jan Schakowski's 45-47% tax rate on the wealthiest Americans, taxing capital gains and foreign income, getting rid of the limit on Social Security taxable income, putting in the Medicare doc fix, and increases education and infrastructure spending.

Oh, and they cut $5.7 trillion from the deficit and balance the budget by 2021.  Rep. Grijalva has a pretty good blueprint here and is putting it up to give the President ammunition for Wednesday.

Oh yes, it has about the same chance of passage as the Ryan plan, if not less.  But it's on the table.  You want to see if anyone in the Village praises it as "serious" like the Ryan plan, or even mentions it at all? 

Well, have YOU heard of "The People's Budget?" after a good ten days?  No?  Rachel Maddow wondered about that too.



As she says, the House Progressive Caucus's budget actually balances the budget faster (in just eight years compared to the decades for the Ryan Unicorn Plan) and does it with a public option and spends more on education and infrastructure, and does it in a balanced way.  When Clinton raised taxes on the rich to 39.6% and balanced the budget, the country was doing really well.

Then Bush destroyed the economy.  And before we go apoplectic about the 45% tax rate, let's keep in mind that the Ryan Unicorn Plan wants to lower the tax rate on the top Americans to 25% and is the main reason why the plan can't balance the budget for 20 plus years and oh yes, adds six trillion dollars to the national debt, unlike the Progressive Caucus plan.  Oh, and during the Reagan years?  The top tax rate?  It was 50% through 1986.  Before that, from 1932 all the way through 1981, the top tax rate was much, much higher.  That includes the boom years of 1945 through the 60's.

Yet the more responsible plan is completely ignored by the media...the media owned by the corporations who would have to pay higher taxes under the Progressive Caucus plan.  The one where the corporations who own the media have to pay less in taxes?  Courageous and gets daily coverage!

And yet the media continues to not cover the angry town hall meetings where House Republicans on Easter recess had to defend their votes for the extremely unpopular Ryan Unicorn Plan.  When the town halls were about "Obamacare" it was wall-to-wall coverage, remember?

The Progressive Caucus budget is being completely ignored and it's being ignored by the people who don't want you to know that America's wealthy paid a lot more in taxes in the past...and America prospered.  By the way, the last time the top marginal tax rate was 25%?  The Roaring 20's...right before the massive stock market crash and the Great Depression.

Something to think about.