A Rigorous Progressive Budget

A friend reminded me that folks looking for a rigorous progressive framing of a long-term budget should check out the Our Fiscal Security report done last year by Demos, EPI, and the Century Foundation. On the spending side, the key ideas here are defense cuts, targeted increases in public investment (mostly in the fields of education and infrastructure), and an expansion of technocratic health care cost controls. On the tax side, this is what it looks like:

And:

I'm not sure that's exactly what I would do, and I believe my colleagues at CAP are working on some ideas of their own, but it's a good look at the basic shape of what a progressive dream budget ought to look like.