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