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What do you need to know about the 2016 budget plan President Obama released this week? Mostly that it benefits ordinary Americans and pays for it by taxing the rich.
It's a long wish list (150-pages) but here are a few highlights:
If working families are the big winners here, who are the losers? The rich. Big banks. Corporations (especially when they hoard profits overseas).
Here are a few ways the rich would pay for this budget:
Obama's plan is a populist political agenda very much aligned with his recent State of the Union speech. It's ambitious and bold and will leave many Republicans scrambling to explain why they don't support it.
The plan is more than just a symbolic wish list. It's a way to define and shape the debate. Aiming so clearly to lift up working families, reduce income inequality, and pay for it by taxing the rich, this agenda comes at a time when most Americans think a little wealth redistribution sounds great. Of course, Republicans have already come out strongly against it. But the Obama administration just may be betting correctly that the people will be on the President's side.
The world is a pretty dark place right now. Economic inequality off the charts. The climate emergency. Supreme Court corruption in the U.S. and corporate capture worldwide. Democracy in many nations coming apart at the seams. Fascism threatens. It’s enough to make you wish for some powerful being to come along and save us. But the truth is this: no heroes are coming to save us. The only path to real and progressive change is when well-informed, well-intentioned people—fed up with being kicked around by the rich, the powerful, and the wicked—get organized and fight for the better world we all deserve. That’s why we created Common Dreams. We cover the issues that corporate media never will and lift up voices others would rather keep silent. But this people-powered media model can only survive with the support of readers like you. Can you join with us and donate right now to Common Dreams’ Mid-Year Campaign? |
What do you need to know about the 2016 budget plan President Obama released this week? Mostly that it benefits ordinary Americans and pays for it by taxing the rich.
It's a long wish list (150-pages) but here are a few highlights:
If working families are the big winners here, who are the losers? The rich. Big banks. Corporations (especially when they hoard profits overseas).
Here are a few ways the rich would pay for this budget:
Obama's plan is a populist political agenda very much aligned with his recent State of the Union speech. It's ambitious and bold and will leave many Republicans scrambling to explain why they don't support it.
The plan is more than just a symbolic wish list. It's a way to define and shape the debate. Aiming so clearly to lift up working families, reduce income inequality, and pay for it by taxing the rich, this agenda comes at a time when most Americans think a little wealth redistribution sounds great. Of course, Republicans have already come out strongly against it. But the Obama administration just may be betting correctly that the people will be on the President's side.
What do you need to know about the 2016 budget plan President Obama released this week? Mostly that it benefits ordinary Americans and pays for it by taxing the rich.
It's a long wish list (150-pages) but here are a few highlights:
If working families are the big winners here, who are the losers? The rich. Big banks. Corporations (especially when they hoard profits overseas).
Here are a few ways the rich would pay for this budget:
Obama's plan is a populist political agenda very much aligned with his recent State of the Union speech. It's ambitious and bold and will leave many Republicans scrambling to explain why they don't support it.
The plan is more than just a symbolic wish list. It's a way to define and shape the debate. Aiming so clearly to lift up working families, reduce income inequality, and pay for it by taxing the rich, this agenda comes at a time when most Americans think a little wealth redistribution sounds great. Of course, Republicans have already come out strongly against it. But the Obama administration just may be betting correctly that the people will be on the President's side.