PRESS RELEASE: STATEMENT: BUILD BACK BETTER TOO IMPORTANT TO FAIL, EXPECT NEGOTIATIONS TO RESUME AFTER HOLIDAY BREAK

FOR IMMEDIATE RELEASE 
December 19, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

STATEMENT: BUILD BACK BETTER TOO IMPORTANT TO FAIL, EXPECT NEGOTIATIONS TO RESUME AFTER HOLIDAY BREAK

NEW POLLING: 63% of Voters — Including 64% of Independents — Support the Build Back Better Act

WASHINGTON, D.C. — Today, Invest in America senior advisor Zac Petkanas made the following statement in response to Senator Manchin’s comments on the Build Back Better Act from the West Virginia Senator’s appearance on Fox News Sunday:

“The Build Back Better Act is not hard to explain to constituents in West Virginia or any other state. West Virginians — like all Americans — want to spend less of their hard earned money on prescription drugs, utility bills, childcare and housing; want more, better paying jobs; and want to see middle-class taxes come down.

“The benefits for his constituents are obvious and why Senator Manchin committed to the White House to find a pathway forward on the Build Back Better Act early this week.

“The truth is that these priorities are too important to fail – and we look forward to negotiations continuing after everyone takes a bit of a breather during this holiday break.”

The investments in President Biden’s full Build Back Better agenda will lower costs, cut taxes, and create jobs for working families. 

  • The Build Back Better agenda will lower costs for working people:  

    • It will lower child care costs — which cost parents $30-35 billion in income before the pandemic. Access to affordable child care could increase the lifetime earnings for women with children by nearly $100,000.

    • It will lower the cost of long term care, expanding access to affordable home care to hundreds of thousands of Americans.

    • It will lower energy costs, saving the average American family $500 per year by investing in clean energy.

    • It will lower health care costs and premiums for those buying coverage through the ACA by extending the American Rescue Plan’s cost saving premium tax credits; adding hearing coverage to Medicare; and closing the Medicaid gap for low-income Americans.

    • It will lower prescription drug costs for Americans by letting Medicare negotiate drug prices, so consumers are no longer at the whim of pharmaceutical companies.

    • It will lower taxes for low-and-moderate-income workers by extending the American Rescue Plan’s Earned Income Tax Credit to millions.

    • It will lower education costs by expanding Pell grants and making universal preschool a reality.

    • It will lower housing costs by creating more than one million new affordable homes in rural and urban areas.
  • The Build Back Better agenda will lower taxes for middle class families: 

    • It will expand the Child Tax Credit, lowering 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.

  • The Build Back Better agenda will create millions of jobs: 

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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