PRESS RELEASE: CONGRESS MUST PASS HISTORIC FRAMEWORK TO CREATE MILLIONS OF JOBS, CUT COSTS FOR FAMILIES

FOR IMMEDIATE RELEASE 
October 28, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

CONGRESS MUST PASS HISTORIC FRAMEWORK TO CREATE MILLIONS OF JOBS, CUT COSTS FOR FAMILIES

NEW POLLING: 67% of Voters — including 64% of Independents — Support Passing the Build Back Better Act Through Reconciliation.

WASHINGTON, D.C. — Today, Invest In America Action released the statement below on the Build Back Better framework released by the White House. The framework comes on the heels of a new poll released by Invest in America and Data for Progress demonstrating that 2 out of 3 voters support the Build Back Better plan, and a large bipartisan majority of voters would have a more favorable outlook on Congressional Democrats and President Biden if they pass it.

Invest in America Action’s Communications Director Maddy McDaniel made the following statement: 

“If passed, this framework would achieve three things: create millions of jobs, lower everyday costs for families and cut taxes for the middle-class.

“It does this by making the most significant investment in human history to fight the destructive impact of climate change, establishing universal pre-K in America, expanding access to childcare, extending the child tax credit, making enormous investments to promote affordable housing and more.

“This legislation will be groundbreaking and — paired with the Bipartisan Infrastructure Deal — will lead to enormous economic growth while reducing the growing inequities in our economy.

“We strongly urge swift passage of this historic framework into law.”

The investments in the Build Back Better framework will create jobs, lower costs, and lower taxes for working families.

Child Care:

  • A lack of affordable child care has become a barrier to work for many parents, especially mothers.

  • The framework represents the most transformative investment in child care in generations, and will ensure that no middle-income families pay more than 7% of their income.

  • Access to affordable child care could increase the lifetime earnings for women with two children by about $94,000. It would also boost the collective lifetime earnings of a cohort of 1.3 million women by $130 billion.

Home Care:

  • Demographic shifts alone require adding 1.1 million more home care jobs to our economy by 2028 to support the aging of our population.

  • The framework will include high quality, affordable care for elder Americans and people with disabilities in their homes.

Universal Preschool: 

  • The framework includes two years of free preschool for more than six million children

  • Universal pre-k will improve children’s development, help parents return to the workforce, and boost the economy.

  • Research shows that universal preschool boosts children’s education achievementmakes children more ready for school, and can even increase the future earnings potential for low and middle-income students.

Addressing Climate Change: 

  • Climate change is one of the biggest existential threats facing the United States.

  • The framework represents the largest effort to combat climate change in history that will ensure the U.S. can reduce greenhouse gas emissions between 50 and 52 percent below 2005 levels by the year 2030.

  • The framework’s clean energy tax credits will save American families hundreds of dollars per year in clean energy. It will also enlist 300,000 members in a Civilian Climate Corps to conserve public lands, bolster community resilience, and address the changing climate.

  • This effort, along with the infrastructure deal, will curb well over a gigaton – or one billion metric tons – of America’s emissions.

Affordable Health Care: 

  • The framework includes the biggest expansion of affordable health care in a decade.

  • It will reduce premiums for more than 9 million Americans and deliver health care coverage to up to 4 million uninsured people in states that have locked them out of Medicaid. It will also expand Medicare so older Americans can access affordable hearing care.

Child Tax Credit Expansion:

  • The framework includes an expansion of the Child Tax Credit, which will lower taxes for middle class families by providing 39 million households and nearly 90% of children in the U.S. a major tax cut and cutting the child poverty rate in half.

 Housing: 

  • Currently, there is no state or county where a full-time worker at minimum wage can afford a two-bedroom apartment.

  • The framework includes investments to create more than one million new affordable homes in urban and rural areas.

Education: 

  • The framework will make education beyond high school more affordable by expanding Pell Grants and increased investments in workforce development.

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