PRESS RELEASE: UPDATE: 86 ECONOMISTS URGE PASSAGE OF BUILD BACK BETTER ACT’S HISTORIC INVESTMENTS

FOR IMMEDIATE RELEASE 
November 9, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

UPDATE: 86 ECONOMISTS URGE PASSAGE OF BUILD BACK BETTER ACT’S HISTORIC INVESTMENTS

Led by Nobel Laureate Joseph Stiglitz, 86 Economists Have Now Signed Statement Urging Swift Passage of the Build Back Better Framework  

The Signers Note That the Framework’s Investments Will Create Jobs and Lower Costs for Middle-Class

POLLING: 61% of Voters — including 54% of Independents — Support Passing the Build Back Better Act

WASHINGTON, D.C. — More than 20 economists have joined a statement released by 60 economists last month, urging Congress to pass the Build Back Better framework’s historic investments in child care, long-term care, clean energy, health care and more. The statement, now signed by 86 economists, noted that those investments are needed to create millions of jobs and lower costs for middle-class families, making the economy more equitable for all Americans.

The group of signers is led by Nobel Laureate Professor Joseph Stiglitz and features prominent economists from across the country. Read the full statement and view its signers here.

“These once-in-a-generation investments will create millions of jobs, lower costs on essential expenses for American families and help position the United States to meet the enormous challenges of the 21st century, including a changing economy and a growing climate crisis,” the economists write in the statement. “Once passed, this framework will counteract decades of underinvestment in our communities that has come at a cost to working Americans and caused our economy to grow unevenly.”

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 Build Back Better framework is a historic opportunity to invest in child care, long-term care, clean energy, health care and more.

“These once-in-a-generation investments will create millions of jobs, lower costs on essential expenses for American families and help position the United States to meet the enormous challenges of the 21st century, including a changing economy and a growing climate crisis.

“Once passed, this framework will counteract decades of underinvestment in our communities that has come at a cost to working Americans and caused our economy to grow unevenly.

“We urge Congress to pass this critical and historic framework 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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