INVEST IN AMERICA WEEKLY ROUNDUP

Invest in America and Invest in America Action:
  • Invest in America Action organized and released a letter from 14 state treasurers urging their congressional delegations to reject Senate Republicans’ plan to raid Covid relief funding to finance their unserious counter-proposal, which would jeopardize U.S. economic recovery at precisely the moment when lawmakers must continue to invest to jumpstart the economy.
  • Invest in America Action hosted a press call featuring Senators Ron Wyden (D-OR) and Ed Markey (D-MA), who reacted to Senate Republicans’ latest unserious, unreasonable infrastructure proposal.
    • “If you ask for my reaction to the Republican proposal, I’d say it’s heavy on the budget sleight of hand and light on anything except paving over the status quo,” said Senator Ron Wyden. “When you look at this proposal, there’s no ’there’ there. Just so we’re clear: this notion that you can go out and raid Covid relief investments is just not correct. Democrats are showing up every single day, but unfortunately we’ve got Republican colleagues who are just walking off the playing field.”
    • “With their latest infrastructure proposal, Republicans are robbing Peter to pay Paul but leaving both of them poorer in the process,” said Senator Ed Markey. “Republicans are bringing a watering can to a five-alarm fire. Simply counting money that is already going out the door through the surface transportation programs we are going to pass doesn’t invest in our future or fix the crisis of our present. Let me be crystal clear: no meaningful climate action means no deal with the Democrats. I would love to see Republicans come to the table to work with us, but I’m not going to be holding my breath for them to show up to pass a real infrastructure and relief package.”
  • Invest in America Action pushed back on Republicans’ $257 billion budget gimmick, which raids Covid relief funds meant to keep essential workers on the job, raises healthcare premiums, and guts funding for the Child Tax Credit —  all while leaving at least one million jobs on the table, and stripping funding to fight climate change, prioritize care infrastructure, build schools, and invest in American jobs and industries. Read what leading lawmakers and advocacy groups have to say about the Republican infrastructure counter-proposal here
  • Invest in America Action fact checked Senator Bill Cassidy (R-LA), who falsely claimed that Senate Republicans’ infrastructure plan would “at least double the amount of money going to roads and bridges” compared to the American Jobs Plan.
  • Invest in America Action released a digital ad promo-ing “Liberal Fantasy Island,” a sexy, scandalous place full of clean drinking water, broadband access, affordable child care, and a good-paying job thanks to the American Jobs and Families Plans.
INVEST IN AMERICA COVERAGE
Politico: Senate Democrats pile on GOP infrastructure counteroffer
Senate Democrats panned the Republicans’ latest counteroffer on infrastructure Thursday, signaling a bipartisan agreement remains far out of reach.
[…]
Meanwhile, Sen. Ed Markey (D-Mass.) told reporters on a call with Invest in America Action that “no meaningful climate action means no deal with the Democrats.” Senate Finance Committee Chair Ron Wyden (D-Ore.), on the same call, accused Republicans of “walking off the playing field.”

McClatchy DC: Democratic allies ramp up pressure on Biden to ditch Republicans on infrastructure
A growing chorus of Democrats is calling on President Joe Biden to pull the plug on bipartisan infrastructure negotiations, arguing the talks are going nowhere fast and risk derailing major parts of his policy agenda.
[…]
Sen. Ed Markey, a Massachusetts Democrat, told reporters during a Thursday afternoon call that he also believes that Congress needs to act by the end of July or the beginning of August, and that effort is unlikely to involve Republicans.

Massachusetts Playbook: MAYORAL RACE zeroes in on MASS AND CASS — COURT sides with JANEY — SCHOOLS to left Covid RESTRICTIONS
[…] The national take: “Senate Democrats pile on GOP infrastructure counteroffer,” by Marianne Levine, POLITICO: “Senate Democrats panned the Republicans’ latest counteroffer on infrastructure Thursday, signaling a bipartisan agreement remains far out of reach. … Sen. Ed Markey (D-Mass.) told reporters on a call with Invest in America Action that ‘no meaningful climate action means no deal with the Democrats.’”

The Hill: Democratic state treasurers warn against repurposing COVID-19 funds for infrastructure
Democratic state treasurers are warning Congress against a GOP pitch to repurpose funds from President Biden’s $1.9 trillion coronavirus relief law to pay for infrastructure investments. 
[…]
“These investments are already getting shots in arms and protecting the jobs of teachers, firefighters, health care workers, and law enforcement. They will ensure not only recovery from the losses of the pandemic, but actually help reach pre-pandemic forecasts of economic growth,” the state treasurers wrote in the letter, which was spearheaded by Invest in America Action, an advocacy group pushing for a robust infrastructure package.

Business Insider: 14 Democratic state treasurers caution Congress against ‘clawing back’ stimulus funds for infrastructure
On Thursday, Republican senators introduced their second counter-offer to President Joe Biden’s infrastructure plan, proposing funding the plan by using unspent stimulus money. State treasurers say this is a bad idea.

In a letter sent to Congress on Thursday — organized by Invest in America Action — 14 state treasurers urged lawmakers to resist calls to use stimulus aid from the American Rescue Plan to fund infrastructure.

The Message Box: The Republicans Want You to Pay Amazon’s Infrastructure Tab
[…] To say voters strongly prefer the Biden plan would be a massive understatement. According to a recent Invest in America/Data for Progress poll:

By a 41-point margin, likely voters support paying for investments in infrastructure by changing how corporations are taxed. This includes a majority of Democrats, Independents, and Republicans, who support changing the corporate tax code as opposed to using unspent pandemic relief funds and raising user fees by margins of 41-points, 43-points, and 20-points, respectively.

Newsweek: Veteran Democrat Strategist Tells Biden Admin to Learn Their Lesson and Push Infrastructure Bill Alone
Veteran Democrat strategist Zac Petkanas says that it’s time for the Biden administration to learn its lesson about negotiating with Senate Republicans and forget trying to strike a bipartisan deal.
[…]
“That is exactly the reason why we say the Republicans are simply not acting in good faith. They’re presented with a reasonable, common sense counteroffer to try to find compromise, and they reject it,” Petkanas, senior adviser for advocacy group Invest in America Action, told Newsweek in a phone interview.

Salon: Republican foes of Biden’s tax proposal could face big capital gains bills if it passes
Some of the most outspoken Republican critics of President Joe Biden’s American Families Plan could face a steep tax increase on their commercial real estate investments if Congress approves the $1.8 trillion proposal.
[…]
“Follow the money and you’ll see that some of the loudest opponents of President Biden’s American Jobs and Families Plan are the ones with the most to lose,” Maddy McDaniel, a spokesperson for the group, said in a statement to Salon. “They’d rather sell out their middle-class constituents than pay their fair share in capital gains taxes.”

Business Insider: 58% of voters support passing Biden’s $4 trillion infrastructure plan without any Republican votes, poll finds
Bipartisanship remains the focus of President Joe Biden’s infrastructure discussions, as he dedicates his time and efforts to negotiating the scope and size of his $4 trillion infrastructure proposal with Republicans. But a new poll found that voters don’t really care all that much about getting Republicans on board.

A poll released by Data for Progress and Invest in America last week found that 58% of voters support passing the American Jobs Plan and American Families Plan together using reconciliation, as Democrats did with the $1.9 trillion stimulus package. It also found that the majority of voters support reforming the corporate tax code and prefer Biden’s original plan over the Republican’s smaller, $568 billion counter-proposal.

Yahoo News: 58% of voters support passing Biden’s $4 trillion infrastructure plan without any Republican votes, poll finds
[…]A poll released by Data for Progress and Invest in America last week found that 58% of voters support passing the American Jobs Plan and American Families Plan together using reconciliation, as Democrats did with the $1.9 trillion stimulus package. It also found that the majority of voters support reforming the corporate tax code and prefer Biden’s original plan over the Republican’s smaller, $568 billion counter-proposal.

“Moreover, we find that a majority of likely voters prefer the American Jobs Plan and American Families Plan over the smaller Republican counter-proposal,” the poll said. “Likely voters also want congressional Republicans to work with Biden to pass the American Jobs Plan, the American Families Plan, and the rest of Biden’s agenda, rather than try to simply obstruct the Democratic Party.”

Raw Story: Biden’s tax bill enemies have personal reasons for fighting capital gains increases
[…] Though Republicans have long opposed tax increases, their newfound appetite to shift the tax burden to the middle class has surprised some economists. Some of the biggest opponents of Biden’s tax proposal would personally save hundreds of thousands in taxes if the plan is defeated, according to an analysis by Invest in America Action, a progressive advocacy group backing Biden’s proposal.
[…]
Sen. Ron Johnson, R-Wis., one of the wealthiest members of the Senate, this month claimed that “the economy was roaring back to life before Biden became president” and decried Biden’s proposals as “reckless, out of control spending,” arguing that the tax increases would “hurt American workers, businesses & families.” Johnson, who was instrumental in inserting a tax break for real estate investors in the 2017 bill, reported owning a commercial real estate asset worth between $5 million and $25 million on his 2019 financial disclosure. By opposing Biden’s tax plan, he could avoid at least an estimated $103,565 in capital gains taxes on his property in a like-kind exchange, according to the Invest in America Action analysis.

MassLive: 58% of Americans support President Joe Biden’s multi-trillion dollar bills on jobs, education and families, poll shows
A majority of voters support President Joe Biden’s nearly $4 trillion combined efforts to overhaul and modernize American infrastructure and boost education and child care, a recent poll shows.

After signing a $1.9 trillion COVID-19 pandemic relief bill in March, Biden has pressed for more than $2 trillion in infrastructure improvements and nearly $2 trillion to provide free community college and expand child care. Invest in America, a research group, and Data for Progress, a progressive think tank, surveyed more than 1,200 likely voters in mid-May, with 58% of those polled supporting Biden’s spending plans, even if Democrats must pass them without Republican support.

###

© 2021 Economic Security Project, Inc. All rights reserved.
Powered by Archie