Paul Krugman delivers a striking critique of the Republicans' recent House budget, calling it one of the worst legislative acts in modern U.S. history. He warns it jeopardizes millions by draining essential government support and mismanaging fiscal responsibility through tax cuts for the wealthy. Krugman proposes actionable steps to rectify this, advocating for appropriate taxation of the wealthy and corporate accountability. Discover his insights for a better budget here: https://paulkrugman.substack.com/p/what-a-decent-budget-would-look-like #PaulKrugman #FiscalResponsibility #BudgetAnalysis #TaxPolicy #HealthcareEconomics #PoliticalAccountability

#ProgressiveEconomics
Reeves's budget is a shift towards social democracy, but sustainable growth is uncertain. Labour needs to secure public patience for a path full of bold moves, steadying hands, & maybe… a few mistakes. Can they? #BudgetAnalysis #FutureofLabour #PublicTrust #Budget2024 #Labour https://www.theguardian.com/commentisfree/2024/nov/01/reeves-budget-labour-revolution-public-trust

> The #OnlineCalculator is simple. For example, the Washington Post recently reported these budget numbers: the cost of President Biden’s American Jobs Plan was lowered to a proposed $1.7 trillion over eight years, while Senate Republicans countered with an $800 billion proposal... #DeanBaker pointed out, Biden’s proposal “. . . is a bit less than 0.8 percent of #GDP...
https://cepr.net/press-release/new-tool-helps-reporters-put-us-budget-numbers-into-perspective/
#CEPR #BudgetAnalysis #USABudget