Three Reasons We Need the Build Back Better Act
September 29, 2021
Sustained, sustainable, and equitable prosperity is within reach.
The Roosevelt Rundown features our top stories of the week.
Build Back Better, Create New Jobs
With two pivotal investment packages approaching uncertain House votes in the coming days, one thing is clear: The time for action is now.
As negotiations over the scale and structure of the Build Back Better Act come down to the wire, policymakers must remember these three facts:
- Most of today’s price changes are temporary and sector-specific—driven by mismatches between supply and demand.
- The Build Back Better Act invests public funding in long-standing, specific supply chain bottlenecks and market failures and would, therefore, relieve inflationary pressures.
- The Build Back Better Act would set us on a trajectory of sustained economic prosperity and move us closer to full employment.
The bill would increase the supply of childcare, create new jobs, and allow parents to get back to work. In short, it’s an opportunity we can’t afford to squander.
Student Debt Cancellation IS Progressive
In the United States today, more than 45 million people collectively owe $1.73 trillion in student debt, with the burden of this debt disproportionately falling on Black and Latinx students.
The solution is simple, and progressive: cancel student debt.
As a recent Roosevelt issue brief found, broad-based federal student debt cancellation would most benefit those with the fewest economic resources, particularly Black and Latinx borrowers, and would operate as an effective tool to grow the Black middle class.
Last Chance to Register for EconCon 2021
Next Wednesday and Thursday (October 6 and 7), join experts, organizers, and advocates from Roosevelt and progressive organizations across the country at EconCon 2021, a virtual conference focused on building an economy that works for everyone.
What We’re Reading
Inside Lina Khan’s War on Monopolies – Politico