INVEST IN AMERICA WEEKLY ROUNDUP

Invest in America and Invest in America Action:
  • Since Republicans have demonstrated such an affinity for petty partisan games as they try to tank infrastructure negotiations with unserious proposals, Invest in America Action released a series of bad-faith GOP baseball cards, complete with a line-up of Senators who met with President Biden on Thursday, and their stats trying to insert poison pills like shifting the tax burden from corporations to the middle-class and gutting funding for popular investments in US manufacturing and school construction.
  • Invest in America released a fact check on the false Republican narrative claiming unemployment insurance (UI) benefits disincentivize work. In reality, research studies and empirical evidence show that expanded UI benefits do not disincentivize work, and claims that it does are built upon racist stereotypes.
  • Invest in America Action released a fact sheet pushing back on Republicans who claim rolling back the 2017 Tax Cuts and Jobs Act (TCJA) to pay for infrastructure would hurt the economy. While discussions on job creating, pro-growth investments tend to foolishly overemphasize the need to find one-to-one pay-fors on the front end, the idea that rolling back the 2017 corporate tax cuts would harm the economy is patently absurd. In fact, the opposite is true.
  • Invest in America Action called out a slew of bad-faith Republicans, who drew unreasonable lines in the sand even before sitting down with President Biden to negotiate in the Oval Office: 
    • Senate Minority Leader Mitch McConnell (R-KY) doubled down on taxing middle class Americans through user-fees and a gas tax instead of making corporations pay their fair share to fund infrastructure investments.
    • Senator Roger Wicker (R-MS) drew more lines in the sand, refusing to support any plan that would increase taxes on his corporate donors or spend more than the Republican counterproposal, which cuts 92% of President Biden’s proposal by slashing funding for schools, care for the elderly, public transit, and manufacturing.
    • House Minority Leader Kevin McCarthy (R-CA-23) and Sen. McConnell provided more evidence they weren’t serious about a good-faith negotiation on Wednesday. Just moments after leaving the Oval Office, Rep. McCarthy sent a fundraising text saying, “I just met with Corrupt Joe Biden and he’s STILL planning to push his radical Socialist agenda onto the American people,” and Sen. McConnell once again refused to compromise in the name of protecting his corporate donors.
  • Invest in America highlighted growing calls from lawmakers and economic experts to at least partially fund infrastructure investments through deficit financing.
  • Invest in America highlighted new polling from Data For Progress showing that the public investments in President Biden’s Build Back Better agenda are overwhelmingly popular across the political spectrum in key states, including Arizona, Colorado, Georgia, Michigan, Montana, New Hampshire, North Carolina, Pennsylvania, West Virginia, and Wisconsin.
INVEST IN AMERICA COVERAGE
Lexington Herald-Leader: Ahead of first Biden-McConnell meeting, a long history with low expectations
President Joe Biden insists he can work from a clean slate with Mitch McConnell when they convene for their highly anticipated White House meeting on Wednesday and that a bipartisan infrastructure deal is still possible.
[…]
Zac Petkanas, a Democratic strategist and senior adviser to a group outside the White House that was founded to help boost Biden’s agenda called Invest in America, said that by meeting with McConnell, the president is fulfilling his commitment to bipartisanship.

“But bipartisanship is a two way street. It doesn’t just flow from the White House to Congress,” he said.

Petkanas said Republican plans would shift the tax burden to the middle class. “That is a poison pill that will kill any negotiation,” he added.

The Hill: Economy adds 266K jobs in April, far below expectations
The U.S. economy added 266,000 jobs in April and the unemployment rate rose to 6.1 percent, an unexpectedly poor showing falling well below expectations.
[…]
Democrats said the showing was proof that the economy needed a bigger push, pointing to the $4 trillion infrastructure and family support plans that Biden has proposed.

“Ask me again why we need the American Jobs and Families Plans,” said Zac Petkanas, a senior adviser for Invest in America, a group advocating for major infrastructure investments.

The Hill: Five takeaways on a surprisingly poor jobs report
Economists and politicians alike were shocked by the unexpectedly tepid April jobs report released Friday, which showed that the economy only added about a quarter the number of jobs most were expecting.
[…]
Kate Bahn, director of labor market policy at the left-leaning Washington Center for Equitable Growth, says the problems in the labor market reflect long-standing inequalities and divisions that will persist.

“Broadly speaking we went into the crisis with a really uneven and fragile economy,” she said. “Without having policies that are really intentionally targeting inequality, the recovery will be slower.”

But, she added, the April data was more confounding than previous swings in employment during the pandemic, which could often be tied to a specific event such as severe weather or a spike in COVID-19 cases.

“When we’ve seen fluctuations, there’s usually a reason we’ve seen to understand the fluctuation,” she said.“This month did not have any of those obvious reasons, and it will take a couple of months of data to get the full picture.”

The American Independent: McConnell suddenly decides his party’s jobs proposal isn’t big enough
Senate Minority Leader Mitch McConnell acknowledged this weekend that his party’s counterproposal to President Joe Biden’s American Jobs Plan isn’t in the range McConnell says is needed to cover investment in infrastructure. But he still indicated no willingness to spend anything on climate, clean energy, or human infrastructure.
[…]
An April 22 Data for Progress poll found that 76% of voters believe it “very” or “somewhat” important to include investments to “help America combat climate change and create a thriving clean energy economy” in the package. An early April poll by the same group along with Invest in America found 74% support for investment in the “care economy” and 64% support for investment in “clean energy.”

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