PRESS RELEASE: NEW DIGITAL AD: IT’S TIME TO MAKE CORPORATIONS PAY THEIR FAIR SHARE
FOR IMMEDIATE RELEASE
October 5, 2021
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716
NEW DIGITAL AD: IT’S TIME TO MAKE CORPORATIONS PAY THEIR FAIR SHARE
The Build Back Better Act Will Make the Economy Fair By Investing in Communities and Ensuring Corporations Pay Taxes
POLLING: 62% of Voters — including 58% of Independents — Support Passing the Build Back Better Act
POLLING: 60% of Voters — Including 64% of Independents — Believe It’s Time For the Wealthy & Large Corporations to Pay Their Fair Share & Fund the Build Back Better Act
WASHINGTON, D.C. — Today, Invest in America launched a digital ad, “Fair Share,” which explains how corporations and the wealthy have dodged paying taxes through loopholes, and lays out the possibilities if they pay their fair share: increased investment in our communities, millions of good-paying jobs, and lower taxes on middle-class families. View the digital ad here.
“For far too long, American families have struggled to make ends meet while corporations and the wealthy use loopholes to get out of paying their taxes and offshore American jobs,” said Maddy McDaniel, communications director for Invest in America. “When we make corporations and the wealthy pay their fair share, we can strengthen the middle class by creating good-paying jobs, lowering costs on key expenses, and cutting taxes for working American families.”
The investments in President Biden’s full Build Back Better agenda will create millions of jobs, lower costs, and lower taxes for middle class families.
The Build Back Better agenda will create millions of jobs:
Along with the Bipartisan Infrastructure Deal, the Build Back Better Agenda will add, on average, nearly 2 million jobs per year over the course of the decade, while accelerating America’s path to full employment and increasing labor force participation.
The Build Back Better agenda will lower taxes for middle class families:
It will expand the Child Tax Credit, lowering taxes for middle class families by providing 39 million households and nearly 90% of children in the U.S. a major tax cut and cutting the child poverty rate in half.
The Build Back Better agenda will lower costs for working people:
It will lower prescription drug costs for Americans by letting Medicare negotiate drug prices, so consumers are no longer at the whim of pharmaceutical companies.
It will lower child care costs — which cost parents $30-35 billion in income before the pandemic. Access to affordable child care could increase the lifetime earnings for women with children by nearly $100,000.
It will lower health care costs and premiums for those buying coverage through the ACA by extending the American Rescue Plan’s cost savings; adding dental, vision, and hearing coverage to Medicare; and closing the Medicaid gap for low-income Americans.
It will lower education costs by making two years of community college tuition-free and making universal preschool a reality.
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.