Democrats just picked a huge fight with billionaires and price-gouging corporations.
Today’s newly unveiled White House budget proposes taxing the ultra wealthy in order to fund health care, child care, housing, and college affordability. And it cuts the deficit.
Predictably, Kevin McCarthy and extreme Republicans would rather manufacture a debt ceiling crisis to force painful cuts to programs like Medicaid, Head Start, school lunches, and potentially Social Security and Medicare.
Now is the time to raise the pressure on McCarthy. That's why leaders of the Progressive Caucus, the business-friendly New Dems, and the top Democrat on the Budget Committee are joining forces -- asking EVERY House Democrat to sign their joint letter in support of a clean debt ceiling bill.
P Street, the PCCC's government affairs arm, will keep Democratic leaders informed as citizen support for the unity letter grows.
Raising the debt ceiling means allocating enough money to pay bills that have already been accumulated.
The New York Times reported this week that even a short debt default would create an immediate recession and cost over a million jobs, a long default would cost over 7 million jobs, and the extreme cuts demanded by Kevin McCarthy and Republicans would cost 2.6 million jobs -- even if a debt default is avoided.
All 3 of those outcomes are unacceptable.
Thanks for being a bold progressive.
-- The PCCC Team (@BoldProgressive)
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