On the recordMarch 25, 2015
I am putting forward the Democratic alternative budget on behalf of my colleagues. It is based on a very different view of how our economy in this country has grown historically and how it should grow in the future. As we have heard from our Republican colleagues, their theory of the economy is top down, trickle down. They want to cut the top tax rates for folks at the very top, the millionaires, on the hope that the benefits will trickle down and lift everybody up. We tried that under President Bush. It lifted up folks who were already at the top of the ladder. Everybody else was running in place or falling behind. We believe that you accelerate economic growth through more opportunity and more shared prosperity, not from the top down, but by making sure that hard-working Americans can earn a little bit more and go out and spend it at the shopping center and in any way they want to support their families and have a good standard of living. So while the Republican budget helps folks at the very top with additional tax rate cuts and squeezes working families, our budget provides more relief to those working families. How? We adopt, for example, the President's proposed expanded child and dependent care tax credit.…
