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Ellison, Progressive Caucus: Raise taxes, boost spending, don’t worry about balancing

WASHINGTON — The Congressional Progressive Caucus budget would raise taxes and invest in new infrastructure, but it has no chance of passage.

Rep. Keith Ellison introducing the Congressional Progressive Caucus budget outside a House Budget Committee hearing on Wednesday.
MinnPost photo by Devin Henry
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  • The progressives raise taxes on everyone making more than $250,000, creating a top rate of 49 percent on income above $1 billion; the GOP would create only two tax rates (10 percent and 25 percent).
  • The GOP would repeal the Affordable Care Act; the progressives would create a public health insurance option.
  • The GOP would boost defense spending by $500 billion over 10 years; Pentagon spending cuts are directly spelled out in the Back to Work Budget.*
  • Over 10 years, the CPC would spend trillions of dollars on everything from infrastructure to education grants to states; the Republican budget imposes deeper discretionary spending cuts than those in current law.