The Congressional Black Caucus budget is a more credible and responsible alternative than the underlying Republican budget. The CBC budget is a plan that significantly reduces our deficit over the next decade while increasing economic opportunities and promoting job creation in every corner of our society. Deficit reduction is about making tough choices, but the path to fiscal responsibility must not be on the backs of our Nation's most vulnerable communities. Our budget makes those tough choices, but it doesn't jeopardize Social Security, turn Medicaid into a block grant, or dismantle the Medicare guarantee. The fundamental choice we have to make is a choice between millionaires and Medicare. The CBC budget extends the Bush-era tax cuts only for hardworking middle class American families but pays for this extension through tax reform by closing corporate loopholes and giveaways, deterring aggressive speculation in the stock market--the speculation that helped create the 2008 fiscal crisis and the recent gas price increase--and we ensure that millionaires who benefited most from income growth, tax cuts, and bailouts in the last decade contribute their fair share. With additional revenue, the CBC budget restores funding for important programs cut in the Budget Control Act of 2011, we cancel the sequester for security and nonsecurity programs, and we match the Democratic alternative on defense spending.…
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