PRESS RELEASE: 56 ECONOMISTS URGE PASSAGE OF BUILD BACK BETTER ACT TO LOWER COSTS & EASE PRESSURE OF INFLATION FOR FAMILIES

FOR IMMEDIATE RELEASE 
December 10, 2021

Contact: 
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716

56 ECONOMISTS URGE PASSAGE OF BUILD BACK BETTER ACT TO LOWER COSTS & EASE PRESSURE OF INFLATION FOR FAMILIES

Sen. Baldwin, Sen. Casey and Roosevelt Institute’s Lauren Melodia Will Join a Press Call Today to React to the CPI Report — Register Here

Economists: “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.”

POLLING: 60% of Voters — Including 61% of Independents — Support Passing the Build Back Better Act.

WASHINGTON, DC — Today, 56 economists from across the country signed a statement urging Congress to pass the Build Back Better Act and lower everyday costs for working families, such as child care, health care, utility bills, prescription drugs, education, and more. The economists noted that those investments, along with tax cuts for the middle class, will ease the burden of inflation on Americans and allow them to keep more money in their pockets.

Signers include Alan Blinder, former vice chairman of the Board of Governors of the Federal Reserve, and Elgie Holstein, former special assistant to the president for economic policy at the White House National Economic Council.

Read the full statement and view its signers here.

“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,” the economists write in the statement. “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.”

Economists who signed the statement are available for interviews and analysis on what is needed to build back better. To get in touch, please contact [email protected].

Read the statement below:

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.”

About Invest in America

Invest In America is a national rapid-response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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