Economists: Build Back Better Act’s Cost Cutting Measures Will Alleviate Strain of Inflation on Families

The United States economy is on the road to recovery thanks to the investments in the American Rescue Plan and the Bipartisan Infrastructure Deal, but American families are still struggling with higher prices caused largely by the pandemic-related shocks on the economy. 

Congress can alleviate some of the strain caused by inflation by passing the Build Back Better Act, which will lower everyday costs for families, including child care, health care, utility bills, prescription drugs, and education. These investments, combined with the Build Back Better Act’s tax credits for the middle class, will help allow families to keep more money in their pockets.  

Overall, the Build Back Better Act will foster a more equitable, sustainable economy by creating millions of jobs, lowering costs, and cutting taxes for American families. We urge Congress to swiftly pass this critical legislation into law. 

 

Signed, 

Elizabeth Palley, Adelphi University School of Social Work

Mieke Meurs, American University

David F. Weiman, Barnard College, Columbia University

Juliet Schor, Boston College

Alan Aja, Brooklyn College

Andres Vinelli, Center for American Progress

Dean Baker, Center for Economic and Policy Research

Howard Chernick, City University of New York

Samir Sonti, City University of New York School of Labor and Urban Studies

Dan O’Flaherty, Columbia University 

Candace Howes, Connecticut College

Elgie Holstein, Environmental Defense Fund

Peter Bohmer, The Evergreen State College

Rakeen Mabud, Groundwork Collective

David Alexander, Illinois Action for Children

Thomas Masterson, Levy Economics Institute of Bard College

Barry Bluestone, Northeastern University, Professor Emeritus 

John Luke Gallup, Portland State University

Alan Blinder, Princeton University

Mike Konczal, Roosevelt Institute

Lauren Melodia, Roosevelt Institute

Kimberly Christensen, Sarah Lawrence College

Deborah M Figart, Ph.D., Stockton University

Ellen Mutari, Stockton University 

Reza Ghorashi, Stockton University of New Jersey

Ranjit S. Dighe, SUNY Oswego

Neva Goodwin, Tufts University

Christian Proaño, University of Bamberg, Germany

Ronald Lee, University of California-Berkeley

Chris Tilly, University of California-Los Angeles

Dr. Raul Hinojosa, University of California-Los Angeles

François Geerolf, University of California-Los Angeles 

Farida Khan, University of Colorado Colorado Springs

Daphne T. Greenwood, University of Colorado-Colorado Springs

Yavuz Yasar, University of Denver

Haider Khan, University of Denver, Josef Korbel School of International Studies

Lenore Palladino, University of Massachusetts Amherst

Nancy Folbre, University of Massachusetts-Amherst

Arthur MacEwan, University of Massachusetts-Boston

Mary H. Stevenson, University of Massachusetts-Boston

Randy Albelda, University of Massachusetts-Boston

Julie A. Nelson, University of Massachusetts-Boston

Thomas E Weisskopf, University of Michigan, Professor Emeritus of Economics

Doyne Farmer, University of Oxford

Dorene Isenberg, University of Redlands

Nathaniel Cline, University of Redlands

Manuel Pastor, University of Southern California Equity Research Institute

Stephanie Seguino, University of Vermont

Barbara Wolfe University of Wisconsin-Madison 

Timothy Koechlin, Vassar College

Kate Bahn, Washington Center for Equitable Growth

Sari Kerr, Wellesley College 

Peter V. Schaeffer, West Virginia University

Emily Hoffman, Western Michigan University

John P. Watkins, Westminster College

Sarah Jacobson, Williams College