It's time to move on : 2016 alternative federal budget

The opinions and recommendations in this report, and any errors, are those of the authors, and do not necessarily reflect the views of the funders of this report. [...] The AFB Case While new tax measures help buffer the cost of new program spending, the AFB The 2016 Alternative Federal Budget builds books a deficit of $37.9 billion in 2016–17, upon the base case in Table 1. As such, dif- declining to $23.6 billion by 2018–19, to put ferences between it and the 2016 federal people back to work and grow the econ- budget should relate to policy changes, not omy. [...] Unemployment will drop to 6% and At the same time, the AFB generates the employment rate will surpass 63% for growth sufficient to offset the increase in the first time since the Great Recession. [...] While rais- amount and/or preserving the exemptions ing tax rates at the top has the potential for initial public offerings (IPOs), but this to make the tax system fairer, without also would cost revenue and preserve inequities plugging the holes a significant part of the in the tax system. [...] This meant that all the ish, so the companies can obtain property appreciation in the value chain — from seed rights for the resulting varieties and collect developed by plant breeders to the efficient royalties when they sell the seed to farmers.