WASHINGTON, D.C. â€“ Congressional Black Caucus Chairman G. K. Butterfield introduced the CBC Alternative Budget for Fiscal Year 2016, which proposes a fiscally sound and morally responsible alternative plan to reduce the federal deficit and alleviate economic hardship on Americaâ€™s most vulnerable communities.
The CBC Alternative Budget focuses on increasing economic opportunities through robust investments in education, infrastructure, affordable housing, domestic manufacturing, small businesses, and job training.Â It also protects and enhances social safety net programs and proposes significant investments in our country to ensure no community in America is left behind.
â€œUnder President Obamaâ€™s leadership, the economy has added more than 12 million private sector jobs in the last 60 months. Â While much of the country has experienced an economic recovery over the last six years, it has not reached every community,â€ said CBC Chairman, Rep. G. K. Butterfield. â€œNowhere is this more evident than in the African American community, which continues to experience a 10.5 percent unemployment rate, nearly double the national average.â€
â€œThe CBC budget addresses these concerns in proposing a comprehensive jobs program, eliminating the threat of sequestration and cuts to vital programs, ensuring funding for science, technology, engineering and mathematics (STEM) programs, and by safeguarding social safety net programs.Â This budget makes tough yet practical decisions that protect our most vulnerable communities and ensure opportunity for all Americans,â€ Chairman Butterfield concluded.
â€œThe CBC is again offering an alternative budget that better reflects the priorities of our nation,â€ said Rep. Bobby Scott, CBC Budget Taskforce Co-Chair. â€œOur budget is in stark contrast to the Republican Budget, which balances on the backs of our nationâ€™s most vulnerable communities.Â The Republican Budget doubles down on sequestration cuts to critical social safety net programs and repeals Medicare as we know it.Â The Republican Budget contains trillions of dollars in largely unspecified tax and spending cuts that if enacted would devastate our economy.â€
Rep. Scott continued, â€œUnlike the Republican Budget, the CBC Budget uses real numbers, not unrealistic assumptions and asterisks.Â Our budget reduces the deficit by $1.9 trillion compared to CBOâ€™s baseline and it shows how we get there. Â And it is able to do this while also protecting and strengthening the social safety net and focusing on increasing economic opportunities. Â It is my hope that the House will reject the Republican Budget and adopt the CBC alternative.â€
â€œThe CBC Alternative Budget invests in American families and puts us on a path to eliminate poverty,â€ said Rep. Barbara Lee, Chair of the Democratic Whipâ€™s Task Force on Poverty, Income Inequality and Opportunity and member of the House Committee on Budget.Â â€œPoverty in our nation is far from color blind.Â The poverty rate in the African American community is more than three times the poverty rate of white Americans and one in three African American children lives in poverty.Â By making strategic investing in proven anti-poverty programs and developing an effective and coordinated national strategy, we can end poverty and lift more than 45 million Americans into the middle class.â€
â€œI am proud to be a part of the CBC Alternative Budget again this year, and I applaud Chairman Butterfield for his leadership,â€ said Rep. Gwen Moore, member of the House Committee on Budget. â€œThe CBC alternative budget offers the American people a choice against the same failed Republican policies that offer tax breaks to the wealthiest 1% at the expense of hardworking Americans.Â Importantly, our budget invests in our nationâ€™s economy by ending the threat of sequestration.Â Our budget also takes bold steps to improve the financial outlook of millions of Americans by raising the federal minimum wage, and our plan works to protect millions of vulnerable Americans by investing in our safety net, and it makes good on the promises we have made to our seniors by protecting Social Security and Medicare.â€
Read the Congressional Black Caucus Alternative Budget for FY 2016.
Download the Congressional Black Caucus Alternative Budget FY 2016 Outline.