During his interview, Rep. Grijalva said that the Progressive Caucus plan would save $5.7 trillion over the next 10 years, and that the bill must take an active role in generating jobs. Some of the elements of this plan would include a millionaire's tax, emergency jobs to restore America, an infrastructure bank, a Buy America First provision, currency bills, a speculation tax, and a veterans' bill. He also discussed protecting Medicare and Medicaid by letting Medicare negotiate drug prices, and protecting Social Security by lifting the payroll cap of $106,000 per year. Rep. Grijalva noted that these savings were independent of any expiration of the Bush tax cuts that currently are set to lapse at the end of next year, which could generate an additional savings of $3.7 trillion.
When asked by reporters to give President Obama a grade for his first three years, Rep. Grijalva said that he gave the president a "passing grade," explaining further that he considers that to be around a B- or C. On immigration, however, he gave President Obama a "low grade" of a D, citing a lack of push on comprehensive immigration reform that has led to various state laws being passed, but that he applauds the recent pragmatic direction the president has taken.
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