PRESS RELEASE: SEN. BALDWIN, SEN. CASEY, ROOSEVELT INSTITUTE’S LAUREN MELODIA DISCUSS CPI REPORT AND HOW TO COUNTER INFLATION 

FOR IMMEDIATE RELEASE
December 10, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

SEN. BALDWIN, SEN. CASEY, ROOSEVELT INSTITUTE’S LAUREN MELODIA DISCUSS CPI REPORT AND HOW TO COUNTER INFLATION 

Sen. Tammy Baldwin: “As Republicans jump up and down, cheering ‘inflation,’ they need to be asked why they oppose extending tax cuts for working families, and making child care, health care, home care, and prescription drugs more affordable.”

Sen. Bob Casey: “Not only are we working to help people through the pandemic, but to prepare them for the long-term by making investments in skills, our children, and families.”

Roosevelt Institute’s Lauren Melodia: “[The Build Back Better Act’s] investments will increase and diversify the supply of goods and services, boost productivity, and therefore ease inflationary pressures.”

WASHINGTON, DC — After the release of the Consumer Price Index (CPI) report this morning, Senators Tammy Baldwin and Bob Casey, as well as the Roosevelt Institute’s Lauren Melodia, joined a press call hosted by Invest in America to discuss the report’s implications on the Build Back Better Act and how the Act will lower key costs for American families. A recording of the call is available here.

The speakers stressed that the Build Back Better Act will lower costs and cut taxes for middle-class families, easing long-term inflationary pressures. In addition, the speakers noted that the Build Back Better Act is a long-term investment that will alleviate the strain of inflation on middle class families by making key expenses more affordable and highlighted that while Republicans are exploiting inflation as a talking point, they have no plan to ease the pressure Americans are feeling from higher, pandemic-induced costs.

Sen. Tammy Baldwin (D-WI), Sen. Bob Casey (D-PA), and Deputy Director of Macroeconomic Analysis at the Roosevelt Institute Lauren Melodia made the following statements on the press call: 

“As Republicans jump up and down, cheering ‘inflation,’ they need to be asked why they oppose extending tax cuts for working families, and making child care, health care, home care, and prescription drugs more affordable,” said Sen. Tammy Baldwin (D-WI). “Our plan strengthens domestic manufacturing and the supply chain, creates good paying jobs, cuts taxes for working families, and lowers the cost of things that keep people up at night. That’s our plan to deliver results. Where’s the Republican plan to deliver anything more than talk?”

“When you consider what Democrats have been doing in 2021 — the Rescue Plan, the Infrastructure Bill, and Build Back Better — we’re responding to the needs of families, workers and communities,” said Sen. Bob Casey (D-PA). “Not only are we working to help people through the pandemic, but to prepare them for the long-term by making investments in skills, our children, and families. Republicans have no answers to meet the needs of American families and are pretty much bankrupt when it comes to ideas to help lift the economy and help us move past the pandemic.”

“Given conservative talking points, it’s important to note that Build Back Better is not going to cause more inflation because it’s a plan to spend money over a 10-year period and make very specific investments to increase our productive capacity and improve affordability for households,” said Lauren Melodia, Deputy Director of Macroeconomic Analysis at the Roosevelt Institute. “Build Back Better isn’t putting more money into the areas where we’re seeing inflation — it’s putting money into very different things, like housing, renewable energy, and child and elder care. All of these investments will increase and diversify the supply of goods and services, boost productivity, and therefore ease inflationary pressures.”

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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