The Congressional Progressive Caucus budget proposal would raise federal tax revenues to record highs, yet still fails to balance over the next decade, unlike the House and Senate Republican budget proposals.

Under the Progressive Caucus proposal, tax revenue would rise to 21.5 percent of GDP, compared to the record-high 20.5 percent of GDP collected in 1944, at the height of American involvement in World War II. Tax revenue would rise by $6.6 trillion relative to current law over a decade, some of which would be raised through higher economic growth.