The Progressive Budget is the only budget that works because …

Ro Khanna recently unveiled the Progressive Budget. Here are some essential facts about why this type of budget is the most effective.

The Progressive Budget

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Summary

The Progressive Budget championed by Representative Ro Khanna flips austerity on its head: it shrinks the deficit by roughly $12 trillion while pouring resources into working-class communities, paid for by trimming Pentagon waste, ending fossil-fuel giveaways, negotiating fair drug prices, and finally taxing wealth like work.

• Khanna’s plan modernizes the military and audits contractors, harvesting $850 billion in savings from a Pentagon that has never passed an audit.
• By cracking down on rampant Medicare Advantage upcoding and fraud, the budget reclaims up to $15 billion annually that insurers siphon from taxpayers.
• Restoring the corporate tax rate to 28 percent, closing carried-interest loopholes, and adding a 0.01 percent financial-transaction tax would raise trillions without touching working-class wallets.
• Eliminating fossil-fuel subsidies and enforcing drug-price negotiation saves an additional $370 billion, redirecting public money from polluters to clean-energy and healthcare investments.
• In stark contrast, the Trump-backed “Big Beautiful Bill” inflates the deficit by $2.4 trillion while skewing benefits to the top one percent and stripping health coverage from millions.

History proves that taxing concentrated wealth and investing in people—Clinton’s 1990s surpluses delivered 22 million jobs—beats trickle-down every time; Khanna’s Progressive Budget builds on that lesson and charts a fiscally sound, morally grounded path forward.

The complete article is here on my Substack.

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