ICYMI: 15 NOBEL LAUREATE ECONOMISTS BACK BUILD BACK BETTER AGENDA, SAY WILL EASE INFLATION

The Distinguished Economists Agree That the Build Back Better Agenda Will Strengthen the Economy and Lower Costs For Families

POLLING: 61% of Voters — Including 58% of Independents — Support Passing the $3.5T Build Back Better Plan Through Reconciliation.

Today, 15 Nobel laureate economists released a letter urging the passage of President Biden’s Build Back Better agenda, which they agree will ease long-term inflationary pressures, strengthen the economy, and lower American families’ costs.

The signers are led by a number of this century’s most notable economists, including Joseph Stiglitz, Peter Diamond, Paul Romer, and Daniel Kahneman, who join an overwhelming majority of voters in agreeing that passing the critical public investments in the Build Back Better is essential.

KEY POINTS: 

  • The American economy appears set for a robust recovery in part due to active government interventions over the past year and a half, including President Biden’s American Rescue Plan. But, reversing years of disinvestment in public goods and addressing the country’s long-term needs—including building toward sustainable and inclusive growth and facilitating our clean energy transition—will require more.

  • Success in the 21st century will require building upon the bi-partisan infrastructure deal that has passed the Senate, which prioritizes investments in our nation’s “hard” infrastructure.

  • While we all have different views on the particulars of various economic policies, we believe that key components of this broader agenda are critical—including tax reforms that make our tax system more equitable and that enable our system to raise the additional funds required to facilitate necessary public investments and achieve our collective goals.

Read the full letter here.

###