In addition to protecting social safety net programs and providing other pathways out of poverty, the CBC budget proposes to make the tax code fairer by closing loopholes for the wealthy, provide universal health care by adding a public option to the Affordable Care Act, and make college more affordable by reducing interest rates on student loans and investing in HBCUs. The CBC budget also reduces the deficit by approximately
"The federal budget must reflect our nation's priorities. The CBC budget works to strengthen our economy by making meaningful investments in education, transportation and infrastructure, the environment, scientific research, and maintains a strong social safety net that protects our most vulnerable.
Summary of CBC's Alternative Budget
Fairer Tax Code -
The CBC budget proposes a fairer tax code in order to meet the critical needs of the nation. Specifically, the CBC budget calls for
The CBC budget proposes to expand and enhance the Affordable Care Act to ensure universal health care for all Americans. Specifically, the CBC budget calls for the creation of a public health insurance option in the ACA health insurance exchanges, which saves an estimated
K-12/Higher Education - Approximately
The CBC budget proposes to fully fund the Every Student Succeeds Act, the 2015 reauthorization of the Elementary and Secondary Education Act, and invest in making college more affordable and accessible. Specifically, the CBC budget invests in revitalizing HBCUs, reduces interest rates on federal student loans, increases the maximum Pell Grant award by