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The Progressive Caucus Budget Blueprint Increases Public Investments to Target Full Employment and Faster Productivity Growth


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The Progressive Caucus Budget Blueprint Increases Public Investments to Target Full Employment and Faster Productivity Growth

WASHINGTON - An EPI Policy Center analysis of the Congressional Progressive Caucus’s The People’s Budget: Prosperity Not Austerity, a budget alternative for fiscal 2017, shows that if adopted, the budget would raise incomes for middle-class and low-income Americans. The fiscal boost provided by the People’s Budget would increase GDP by 3 percent and create 3.6 million jobs over the first two years of its implementation, so long as the Federal Reserve accommodated this stimulus. It would bring us to 4 percent unemployment by 2018, while boosting long-run productivity growth through public investment.

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