PRESS RELEASE: BIDEN SIGNS BIPARTISAN INFRASTRUCTURE DEAL TO CREATE MILLIONS OF JOBS, SPUR ECONOMIC GROWTH

FOR IMMEDIATE RELEASE 
November 15, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

BIDEN SIGNS BIPARTISAN INFRASTRUCTURE DEAL TO CREATE MILLIONS OF JOBS, SPUR ECONOMIC GROWTH

Now Congress Must Pass Build Back Better Act This Week to Lower Costs on Child Care and Prescription Drugs, Cut Taxes for Middle Class Families 

Moody’s Analytics Mark Zandi: Build Back Better Act and Bipartisan Infrastructure Deal Will Add Nearly $3 Trillion to the GDP and 1.5 Million Jobs Per Year For a Decade

WASHINGTON, D.C. — Today, President Biden signed the Bipartisan Infrastructure Deal into law, delivering a huge victory for the American economy and making good on a campaign promise to unite leaders in Washington. The bill will create millions of jobs through its critical investments in the country’s physical infrastructure, water infrastructure, broadband, electric grid, and more.

Congress must also pass the Build Back Better Act this week and make critical investments in clean energy, caregiving, education, and more. When paired together, the Bipartisan Infrastructure Deal and the Build Back Better Act will boost GDP by $3 trillion, add 1.5 million jobs per year for a decade and ease inflationary pressures, according to Moody’s Chief Economist Mark Zandi.

Together, the bills will create millions of jobs, reduce costs for families, and lower taxes on working and middle-class Americans.

Invest in America Action’s senior advisor Zac Petkanas made the following statement: 

“Today’s signing of the Bipartisan Infrastructure Deal is a historic win for America. Its investments will allow us to rebuild our crumbling infrastructure, create millions of good-paying jobs, drive economic growth, and position the U.S. to lead the global economy.

“This bill is a big deal: it makes the largest-ever investments in water infrastructure, public transit, and broadband, which will improve life for working Americans and strengthen our economy.

“While we should celebrate this bill and all the good it will do for Americans, we still have more work to do. It is imperative that Congress pass the Build Back Better Act this week to invest in education, care, clean energy, and more — by doing so, we will bring the American economy to its full potential and create millions more jobs, reduce key costs, and cut taxes for middle-class American families.”

Investing in infrastructure will create millions of jobs, turbocharge the economy, and address inequities. 

Roads, Bridges, & Ports: 

Public Transit: 

Water: 

  • Up to 10 million American households and 400,000 schools and child care centers lack safe drinking water.

  • There is a water main break every two minutes, causing 6 billion gallons of treated water to be lost each day.

  • The Bipartisan Infrastructure Deal will make a $55 billion investment in clean drinking water and waste water infrastructure, the largest in American history.

Electric Vehicles:

  • U.S. market share of plug-in electric vehicle sales is only one-third the size of the Chinese EV market.

  • The bill will invest $7.5 billion to build out the first-ever national network of EV chargers in the United States, helping to address the climate crisis and support domestic manufacturing jobs with a particular focus on rural, disadvantaged, and hard-to-reach communities.

  • The bill invests in thousands of electric school buses nationwide, helping school districts across the country buy clean, American-made, zero emission buses.

Power Infrastructure:

Broadband: 

  • Around 24 million households lack access to reliable high-speed internet, and 16 million students live in a house without internet connection — 30% of all K-12 public school students.

  • The BID’s historic $65 billion investment in broadband will help ensure every American has access to reliable high-speed internet.

Reconnecting Communities:

  • Infrastructure has historically been used to disenfranchise communities of color, with physical infrastructure and transportation systems that cut through neighborhoods, isolate communities of color, and expose them to a disproportionate amount of pollution and hazard.

  • The BID creates a first-ever program to reconnect communities divided by transportation infrastructure through dedicated funding for planning, design, demolition, and development of street grids, parks, and other infrastructure.

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