INVEST IN AMERICA WEEKLY ROUNDUP
- Invest in America pushed back on inflation hawks and uplifted economists who are calling on lawmakers to continue investing in an equitable recovery instead of worrying about the widely-predicted, transitory rise in inflation rates.
- Invest in America released a new poll with Data for Progress showing that a majority of voters would prefer to pass the American Jobs and Families Plans together over the Republicans’ counter-proposal and that they blame Republican intransigence for failure thus far to achieve a bipartisan deal on infrastructure. The poll also found that:
- 52% of voters, including 55% of Independents, prefer paying for infrastructure investments by raising corporate taxes over raiding Covid relief by a +14 point margin.
- 50% of voters, including 53% of Independents, blame Republicans in Congress, not President Biden, for inability to reach a bipartisan deal on the American Jobs Plan.
- 57% of voters, including 61% of Independents, believe funding for long-term care should stay in the American Jobs Plan.
- 59% of voters, including 63% of Independents, believe investments in clean energy technologies should stay in the American Jobs Plan.
- Invest in America Action Senior Advisor Zac Petkanas joined Sirius XM’s Signal Boost to discuss the latest developments in the negotiations process around the American Jobs Plan. Listen to the full interview here.
- “The proposals that Shelley Moore Capito has put forward on behalf of the Senate Republicans, none of them have come close to meeting the urgency of the moment. They’ve been filled with things like budget gimmicks where they say it’s a trillion dollars in spending but it’s actually only a quarter of that, it cuts out all funding for climate change, it cuts out all funding for things like child care … it cuts out all of the racial equity funding — all of the things that President Biden has made clear need to be included in this, they have taken that out.”
- “This is just the way Republicans operate: to protect corporations, put the burden on middle class families and screw over some of the key constituencies we were talking about like women, people of color, those who care about the climate, and caregivers.”
- Invest in America Action uplifted former lawmakers and Obama officials who are urging President Biden to learn from the Affordable Care Act negotiations of 2009, when Republicans spent months negotiating down the ACA only to vote unanimously against it in the end.
- Increased UI benefits during Covid did not outweigh the value of a longer-term stable income in workers’ decisions to accept job offers and confirmed that supplemental payments had little or no adverse effect on job searches.
- Evidence from the Great Recession shows that UI benefits had neither statistically significant nor economically meaningful effect on employment, positive or negative.
- About 70% of likely UI recipients who returned to work in May and June of 2020 were making more on UI than their prior wage.
- When the labor market does better, workers exit unemployment benefits for available jobs. In the 13 states with the lowest unemployment rates, continued UI claims are down 26% since their 2021 peak in Feb. In the 13 states with the highest unemployment rates, claims have declined only 17%.
- Studies on UI benefits after the Great Recession found that UI extensions have not had large moral hazard effects on recipients’ job-finding rates, either during the worst period of the Great Recession or during the subsequent recovery.
- Overall, studies have shown no evidence that expanded UI benefits disincentivize work. Additionally, workers who faced larger expansions in UI benefits returned to their previous jobs over time at similar rates as others.
the University of Massachusetts Amherst
“These conservatives argue that many people make more money on unemployment than they did at their jobs, so they have no reason to go back. This heavily coded argument isn’t new; in fact, it’s rooted in a long history of racist labor policy in the United States. […] Even though it has always been true that there are more white than Black people using welfare programs, the image of the ‘welfare queen’ plays on America’s racism and demonization of people of color who dared accept help from the same government that institutionalized racism. […] It’s an American pastime to characterize Black workers as lazy, and to label any attempt to help us as encouraging our inherent laziness.”
The Action Center On Race & The Economy