The details of how the budget accomplishes that will be released on Thursday. But the basics are that the budget allocates more than $2 trillion over 10 years to specific job-creating activities, ranging from school and transportation reconstruction to boosting clean energy and manufacturing businesses. It pays for that investment by ending tax cuts for the top 2 percent of Americans; ending loopholes for oil, gas and coal companies; and closing other corporate tax loopholes.
By contrast, said Rep. Jan Schakowsky, D-Calif., "Republicans on the Budget Committee are going to press forward with a budget that asks ask low- and middle-income taxpayers to shoulder the entire burden of deficit reduction, while giving massive tax breaks to the wealthiest Americans and preserving huge giveaways for the big oil companies."
Ryan, when he presented his budget on Tuesday, said that the only two choices America faced was a future of debt and decline and a future under his budget, in which the federal government would stop supporting economically struggling Americans, but would continue to prop up the wealthy. The Progressive Caucus' budget shows that there is another choice: jobs and economic security for all Americans, in which each segment of the society contributes based on the extent of what they have.
"This budget is a contrast," Grijalva said, "and we are very very comfortable presenting that contrast to our colleagues and to the American people."