STATEMENT: New House Majority Will Hold Economy Hostage To Make Deep Cuts to Social Security, Medicare, Inflation Reduction Act  

FOR IMMEDIATE RELEASE 

November 17th, 2022

Contact: 
Press, Invest in America
[email protected]

 

STATEMENT: New House Majority Will Hold Economy Hostage To Make Deep Cuts to Social Security, Medicare, Inflation Reduction Act

WASHINGTON, D.C. — Invest in America Action Senior Advisor Zac Petkanas issued the following statement on the new House majority:

“Let’s be clear what this new House majority means: a commitment to rolling back the progress the United States has made on critical investments to our economy.

“From Social Security to Medicare to allowing the government to negotiate lower prescription drug prices to monthly student loan repayments to clean energy jobs and manufacturing, they have said outright that these are all on the chopping block.

“Even worse, they’ve committed to using any means necessary to obtain their ends, including holding the debt ceiling hostage – a tactic that would have devastating impacts on our economy and jeopardize Social Security payments.

“This new House needs to immediately commit to stop using the stability of the U.S. economy as political leverage. Instead join the overwhelming majority of Americans who support Social Security, Medicare, the Inflation Reduction Act and other public investments that build a stronger economy and more prosperous future.”

House Republicans have already detailed their intent to roll back critical investments for the American people, including:

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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