: Lowering Costs by Building Back Better
Lowering Costs by Building Back Better
Growing a Sustainable Economy, Reducing Costs for Families, and Raising Wages
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President Joe Biden has laid out the biggest proposal for economic growth in decades that benefits all Americans. It would finally make life much more affordable for working and middle-class families through ensuring tax fairness, lowering costs, and raising wages. It’s also the country’s best shot at stopping the increasingly devastating impacts of climate change on communities, through investments to accelerate the transition to a 100 percent clean economy—saving consumers money in the process. After decades of stagnant wages and low numbers of good jobs, the Biden agenda would help create millions of well-paying union jobs in infrastructure and new industries such as clean energy, and it would help fill the shortage of home care workers for our elderly and disabled loved ones.
As America emerges from a pandemic that depressed entire industries, some areas, such as used cars and travel, are predictably seeing temporary increases, especially during summer travel season. But the real challenges facing American families are the costs that have been increasing for decades on necessities ranging from prescription drugs and health care to child care and home care; wages that have remained flat; and a tax code that has been unfairly rigged for the superrich and big corporations.
Please join the Center for American Progress for a conversation with Jason Furman, former chair of President Barack Obama’s Council of Economic Advisers, on the historic opportunity that budget reconciliation represents to finally address long-term rising costs and boost wages and incomes—unpacking the real impact of legislation on making life affordable for families.
Click here to read the new CAP product on how budget reconciliation is the key to stopping climate change and building a 100% clean energy economy.
We would love to hear your questions. Please submit any questions for our distinguished panel via email at CAPeventquestions@americanprogress.org or on Twitter using #SustainableEconomy. Live captioning will be available on Zoom and on the YouTube livestream.
Christy Goldfuss, Senior Vice President of Energy and Environment Policy, Center for American Progress
Jason Furman, Aetna Professor of the Practice of Economic Policy, Harvard Kennedy School; 28th Chair, White House Council of Economic Advisers, 2013–2017
John Podesta, Founder and Chair of the Board of Directors, Center for American Progress