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Let's Pass a Fair Budget

At a time when the middle class is disappearing, poverty is increasing and the gap between the rich and everyone else is growing wider, we demand that the federal budget not be balanced on the backs of the most vulnerable people in our country.

We demand a budget that puts millions of Americans back to work in decent paying jobs and ensures profitable corporations and the wealthiest Americans pay their fair share. We demand a budget that does not cut Social Security, Medicare or Medicaid benefits.

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“We must not be content with an economic reality in which the middle class of this country continues to disappear.”
- Sen. Bernie Sanders (I-Vt.)

Children in Poverty

16

million

Sixteen million children in America (21.8% of all kids in America) lived in poverty in 2012.

Lower Wages

24

years

The average middle class American family made less in 2012 than it did 24 years before in 1989.

Massive Inequality

40

percent

One family, the Walton family of Wal-Mart, is worth more than the bottom 40 percent of Americans.

Top 1% Income Share

Click to see the top 0.01% income share.

Top 0.01% Income Share

Click to see the top 1% income share.
Top 1% Income Share
Top 1% Income Share
The richest 400 Americans are worth more than the poorest 150 million Americans combined and those in the bottom 60 percent only hold 1.7 percent of the nation's wealth.
Wealth Distribution in the United States
Wealth Distribution
35.4%
 
27.7%
 
13.6%
 
12.2%
 
9.4%
 
1.7%
 
 
 
 
 
 
 
 
 
 
 
Top 1%
 
Next 4%
 
Next 5%
 
Next 10%
 
Next 20%
 
Bottom 60%
“Instead of talking about cuts in Social Security, Medicare and Medicaid, we must end the absurdity of corporations not paying a nickel in federal income taxes.”
- Sen. Bernie Sanders (I-Vt.)
Corporate Taxes
Corporate Taxes
In 1952, 32 percent of all of the revenue generated in this country came from large corporations. Today, less than 10 percent comes from corporate America.
Corporate Profits
Corporate Profits
In the last twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half.

Corporate Taxes

Click to see corporate profits.

Corporate Profits

Click to see corporate tax revenue share.
In 1952, 32 percent of all of the revenue generated in this country came from large corporations. Today, less than 10 percent comes from corporate America.
In the last twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half.
From 2009 to 2012, 95 percent of the new income generated in this country went to the top 1 percent.
From 2009 to 2012, 95 percent of the new income generated in this country went to the top 1 percent.
Real Income Growth by Groups
Top 1% Incomes Growth Bottom 99% Incomes GrowthFraction of total growth
(or loss) captured by top 1%
Clinton Expansion
(1993-2000)
98.7% 20.3% 45% Growth
Bush Expansion
(2002-2007)
61.8% 6.8% 65% Growth
Recovery
(2009-2012)
6% 0.4% 95% Growth
Source: UC Berkeley
“Let's never forget that when President Clinton left office in January of 2001 this country had an annual federal budget surplus of $236 billion with projected budget surpluses as far as the eye could see.”
- Sen. Bernie Sanders (I-Vt.)
What's driving record deficits?
Debt
By 2019, the Bush tax cuts and wars in Afghanistan and Iraq will account for almost half of the $17 trillion in debt that will be owed.

Long-term Debt Drivers

By 2019, the Bush tax cuts and wars in Afghanistan and Iraq will account for almost half of the $17 trillion in debt that will be owed.
What's in the Republican budget?
“... a retread of ideas that voters soundly rejected, made even worse, if possible, by sharper cuts to vital services and more dishonest tax provisions.” Rep. Paul Ryan's Budget on Medicare »
$356 billion cut to Medicare over the first ten years with more cuts when the voucher plan takes effect in 2024. Rep. Paul Ryan's Budget on Medicaid »
$810 billion cut to Medicaid which would deny health insurance to up to 20 million Americans. Rep. Paul Ryan's Budget on nutrition »
$135 billion cut to food stamps denying food to up to 10 million Americans. Rep. Paul Ryan's Budget on health care »
Repeals Affordable Care Act and prevents more than 20 million Americans from receiving health insurance. Rep. Paul Ryan's Budget on education »
Over $100 billion in cuts to Pell Grants and other student aid that could deny an affordable education to up to one million students. The New York Times on Ryan's budget »
What does America think?

What do you think?

The Sanders Budget
Republicans in Washington, D.C. want to balance the budget by slashing Social Security, Medicare, Medicaid, food stamps, education and other federal programs that millions of Americans rely upon.

I have a better idea. At a time when we are experiencing more wealth and income inequality than at any time since the 1920s, and when Wall Street and large corporations are enjoying record breaking profits, I believe that we should be asking the very wealthiest people in this country to start paying their fair share of taxes. That way, we will not only lower the deficit but we will bring in enough revenue to invest in our economy and create the millions of new jobs we desperately need.

Here are 10 fair ways to raise revenue, reduce spending and create jobs.
Sign the petition
Let's Pass a Fair Budget

At a time when the middle class is disappearing, poverty is increasing and the gap between the rich and everyone else is growing wider, we demand that the federal budget not be balanced on the backs of the most vulnerable people in our country.

We demand a budget that puts millions of Americans back to work in decent paying jobs and ensures profitable corporations and the wealthiest Americans pay their fair share. We demand a budget that does not cut Social Security, Medicare or Medicaid benefits.

Sign the petition

Let's Pass a Fair Budget

At a time when the middle class is disappearing, poverty is increasing and the gap between the rich and everyone else is growing wider, we demand that the federal budget not be balanced on the backs of the most vulnerable people in our country.

We demand a budget that puts millions of Americans back to work in decent paying jobs and ensures profitable corporations and the wealthiest Americans pay their fair share. We demand a budget that does not cut Social Security, Medicare or Medicaid benefits.