INVEST IN AMERICA WEEKLY ROUNDUP

  • Invest in America Action organized a statement signed by 56 economists, urging Congress to pass the Build Back Better Act and lower everyday costs for working families, such as child care, health care, utility bills, prescription drugs, education, and more. The economists noted that those investments, along with tax cuts for the middle class, will ease the burden of inflation on Americans and allow them to keep more money in their pockets. Read the full statement and view its signers here.
  • Invest in America Action launched a new holiday digital campaign, “Something Special,” featuring a digital ad urging members of Congress to give their constituents a special holiday gift by passing the Build Back Better Act, as well as a digital advent calendar counting the days until the holidays with a new “gift” each day and marking all the ways the Build Back Better Act will make the lives of the American people better.  View the digital ad and advent calendar here.

  • Invest in America hosted a press conference with Senators and the Roosevelt Institute’s Deputy Director of Macroeconomic Analysis to discuss the recent CPI report and the need to lower costs for families by passing the Build Back Better Act, featuring Sen. Tammy Baldwin (D-WI), Sen. Bob Casey (D-PA), and Deputy Director of Macroeconomic Analysis at the Roosevelt Institute Lauren Melodia. The speakers stressed that the Build Back Better Act will lower costs and cut taxes for middle-class families, easing long-term inflationary pressures, and highlighted that Republicans have no plan to ease the pressure Americans are feeling from higher, pandemic-induced costs. Listen to a recording here.

  • Invest in America Action released a statement calling out Republican lawmakers for trying to manufacture outrage over an imaginary bill. The statement emphasized that the Build Back Better Act is overwhelmingly popular with voters across the spectrum because they know it will lower costs for middle class families, lower taxes for the middle class, and create millions of jobs.

  • Invest in America Action disseminated a roundup of op-eds and editorials in West Virginia written by community leaders urging their Senators to swiftly pass the Build Back Better Act and help West Virginia families by enacting its critical investments in child care, long-term care, clean energy, health care and more.

  • Invest in America highlighted data from the weekly unemployment report, noting that while the Biden administration has led a historic recovery and brought jobless claims to a 52-year low, middle-class Americans are still dealing with the economic challenges brought on by the pandemic and are counting on Congress to pass the Build Back Better Act, which will lower key costs and bring the economy to full strength.

INVEST IN AMERICA COVERAGE

White House Press Office highlights Invest In America Action’s statement signed by 56 economists:

Speaker Pelosi’s Office: 56 Top Economists: Build Back Better Act Will Alleviate Inflation, ‘lower everyday costs for families’

This morning, 56 of America’s top economists released a letter saying, “Congress can alleviate some of the strain caused by inflation by passing the Build Back Better Act, which will lower everyday costs for families, including child care, health care, utility bills, prescription drugs, and education.

Majority Leader Schumer’s Office: Majority Leader Schumer Statement On The Consumer Price Index Report And The Need To Pass The Build Back Better Act

The challenges facing Americans today are not unique to our country – the pandemic has created bottlenecks and economic disruptions across the globe, but just as 50 economists said today, the Build Back Better Act will work to alleviate the strains families are feeling from inflation over the long term.

Axios: Economist group touts Build Back Better as inflation offset

Also published in Yahoo! News

With inflation numbers expected to come out hot this morning, a group of 56 economists says President Biden’s Build Back Better Act would counteract the impact of rising prices on Americans’ wallets.

Driving the news: The economists signed a letter, released this morning in conjunction with left-leaning advocacy group Invest in America Action, urging Congress to pass the social spending plan swiftly, in order to get the ball rolling on programs that will lower costs for essentials like child care, health care and education.

Notable signatories include Alan Blinder, former vice chairman of the Board of Governors of the Federal Reserve, and Elgie Holstein, former special assistant to the president for economic policy at the White House National Economic Council.

The Hill: Economists call on Congress to ‘swiftly’ pass sweeping climate and social policy bill

Over 50 economists have signed on to a new letter calling on Congress to “swiftly” pass President Biden’s sweeping climate and social policy bill, arguing that it would alleviate some of the pressures of inflation by lowering healthcare and other costs for families.

The signatories of the letter include Alan Blinder, who served as vice chairman of the Federal Reserve in the 1990s, and Elgie Holstein, senior director for strategic planning at the Environmental Defense Fund and a former economic adviser in the Clinton White House.

“Congress can alleviate some of the strain caused by inflation by passing the Build Back Better Act, which will lower everyday costs for families, including child care, health care, utility bills, prescription drugs, and education,” states the letter, a copy of which was obtained by The Hill ahead of its release. “These investments, combined with the Build Back Better Act’s tax credits for the middle class, will help allow families to keep more money in their pockets.”

“Overall, the Build Back Better Act will foster a more equitable, sustainable economy by creating millions of jobs, lowering costs, and cutting taxes for American families. We urge Congress to swiftly pass this critical legislation into law,” the letter continues.

The letter was organized by Invest in America Action, a liberal group that has advocated for the passage of Biden’s full domestic agenda.

Newsweek: 56 Economists Tout Benefits of Biden’s Build Back Better Act Despite GOP Inflation Concerns

Dozens of economists are touting the benefits of President Joe Biden’s proposed Build Back Better Act despite Republicans, and some moderate Democrats, continuing to raise concerns about how it could affect inflation.

[…] “Congress can alleviate some of the strain caused by inflation by passing the Build Back Better Act, which will lower everyday costs for families, including child care, health care, utility bills, prescription drugs, and education,” the economists wrote in the statement, which was emailed to Newsweek.

###