The Congressional Progressive Caucus recently released their proposal for a federal budget that they claim will add about 9 million jobs to the economy over the next few years. Pollin discusses the budget and the likelihood of their projections becoming realities. Pollin thinks the budget is credible, first and foremost, because it attacks austerity. Second, they are raising tax rates on the wealthy, enacting a modest financial transaction tax, and bringing forth a carbon tax. By creating a more equal society and reducing speculation, one sets the stage for more jobs and less economic instability.
Friday, March 14, 2014