PRESS RELEASE: STATEMENT: AUGUST JOB NUMBERS CONFIRM NEED FOR BUILD BACK BETTER JOB-CREATING INVESTMENTS

FOR IMMEDIATE RELEASE 
September 3, 2021

Contact:
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

STATEMENT: AUGUST JOB NUMBERS CONFIRM NEED FOR BUILD BACK BETTER JOB-CREATING INVESTMENTS

NEW POLLING: 61% of Voters — including 58% of Independents — Support Passing the $3.5T Build Back Better Plan Through Reconciliation.

WASHINGTON, D.C. — Employers added 235,000 workers in August, according to the jobs report released today by the Bureau of Labor Statistics. The economy has created jobs every month of the Biden administration and has created more jobs in his first seven months than any president in history, but the August report shows more investment is urgently needed to bring America back to its full economic power.

Invest in America’s spokesperson Maddy McDaniel issued the following statement:

“Our economy has made great progress since the beginning of the pandemic, thanks to the investments in President Biden’s American Rescue Plan. But with millions still out of a job and middle-class families struggling to afford basic necessities like child care, health care, and prescription drugs, the job is far from done.

“That’s why we need the Build Back Better agenda, a once-in-a-generation opportunity to create millions of jobs and make middle-class life more affordable by making long-overdue investments in clean energy, caregiving, education, school construction, and much more.

“There’s no time to waste. We need the public investments in the Build Back Better agenda to create millions of jobs, reduce costs, and lower taxes for middle-class Americans.”

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: 

  • 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.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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