Lobby groups representing the wealthy and big corporations — including the U.S. Chamber of Commerce, the Business Roundtable, ExxonMobil, and Pfizer — are spending tens of millions of dollars to attack the most transformative and equitable budget proposal in a generation.

We, the undersigned labor, environmental, faith, justice and community-focused organizations urge Congress to stand up to this pressure and pass President Biden’s bold $3.5 trillion Build Back Better plan by the end of September. This downpayment on the needs of our communities begins to meet the full scale of our country’s climate, poverty, and inequality emergencies and reform a tax system rigged in favor of the wealthy and large corporations.

Biden’s Build Back Better plan and the Senate and House budget resolutions passed in August paved the way for many of the priorities that House committees are now considering for inclusion in budget reconciliation legislation. These proposals would:

  • Extend the expanded Child Tax Credit, lifting millions of children out of poverty
  • Guarantee 12 weeks of paid family and medical leave for all workers
  • Make preschool for 3 and 4 year olds universal
  • Make childcare, college, health insurance and housing more affordable
  • Slash climate pollution by dramatically expanding access to clean energy and clean transportation
  • Replace lead pipes, cut air and water pollution, and shield communities from climate disasters
  • Expand access to clean buildings, including affordable housing and healthy schools
  • Foster better, more affordable access to home and community based care for seniors
  • Expand Medicare benefits to include dental, hearing and vision
  • Allow Medicare to negotiate drug prices to lower costs
  • and so much more…

Such investments would be a major boost to all working families, but especially to the tens of millions of poor and low-income people — disproportionately people of color — who have borne the brunt of the COVID-19 pandemic and recession and have not yet recovered.

The budget framework passed in August calls for $3.5 trillion over 10 years (~1 percent of GDP annually) to be spent on these priorities. Lawmakers’ desire to fully pay for these investments should not affect the size or scope of the package. Congress can easily raise more than $3.5 trillion in revenue from corporations and the wealthy who have seen their profits and net worth skyrocket for decades. The wealth of the country’s 708 billionaires alone rose by $1.8 trillion, or 62 percent, during the pandemic — enough to pay for half of the ten-year cost of the $3.5 trillion package.

President Biden has proposed that we tax wealth like work and close the loopholes that let millionaires, billionaires and corporations get away with paying less than their fair share in taxes. His proposal would tax investment income of the wealthy at the same rate as income from wages and  close the loophole that lets the wealthy avoid paying taxes on investment gains for their entire lives and then pass those gains to their heirs tax free. A 28 percent corporate tax rate on domestic profits and a 21 percent tax rate on offshore profits would ensure that U.S. corporations pay their fair share by closing loopholes that encourage them to outsource jobs and shift profits to tax havens. With proposed increases in IRS funding and stronger reporting requirements so that the wealthy can’t hide their income from taxation, we can crack down on wealthy and corporate tax dodgers. Lobbyists for the rich and powerful are attacking all of these common-sense reforms.

A robust Build Back Better plan is supported by three out of four voters. The passage of this plan would be an important move toward addressing the interlocking crises of poverty, inequality, climate change, and racism. Ultimately, our nation needs a 3rd Reconstruction to provide living wages, strengthen our democracy, curb violence and militarism in our communities, and prioritize the millions of poor and low-income people in the country and their needs. To advance toward that goal, Congress must step up and do the right thing and live up to its Constitutional and moral commitments to establish justice and the general welfare. Now is not the time to let deep-pocketed corporate lobbyists stand in the way of vital public investments in an economy that works for all of us.


Institute for Policy Studies
Economic Policy Institute

Additional Signatories:

The 99% Pennsylvania Campaign
Adelante Alabama Worker Center
Alabama Arise
American Federation of State, County, and Municipal Employees (AFSCME)
American Federation of Teachers
American Postal Workers Union (APWU)
American-Arab Anti-Discrimination Committee (ADC)
Americans for Democratic Action (ADA)
Americans for Financial Reform
Americans for Tax Fairness
Arizona Center for Economic Progress
Asian Pacific American Labor Alliance, AFL-CIO
Blue Frontier
Blue Future
Broward for Progress
Campaign for America’s Future
Center for American Progress
Center for LGBTQ Economic Advancement & Research (CLEAR)
Center for New Revenue
Center for the Blue Economy
Coalition on Human Needs
Colorado Consumer Health Initiative
Communications Workers of America (CWA)
Community Change Action
Congregation of Our Lady of Charity of the Good Shepherd, U.S. Provinces
Connecticut Voices for Children
Economic Opportunity Institute
Every Texan
Faith Action Network, Washington state
Faith in Public Life
Family Values@Work
Groundwork Action
Health Care Voices
Housing Action Illinois
Hudson County Central Labor Council
ICNA Council for Social Justice (ICNA CSJ)
IFPTE Local 194
In the Public Interest
Indivisible Marin
Indivisible Northern Nevada
Institute on Taxation and Economic Policy
Iowa Citizens for Community Improvement
Jobs With Justice
Keystone Progress
Keystone Research Center
Labor Network for Sustainability
Leadership Conference of Women Religious
League of Conservation Voters
Main Street Alliance
Michigan League for Public Policy
Michigan United
National Advocacy Center of the Sisters of the Good Shepherd
National Employment Law Project
National Women’s Law Center
Network Lobby for Catholic Social Justice
Northridge Indivisible
Our Maryland
Our Revolution
Oxfam America
Paid Leave for All
Patriotic Millionaires
Pax Christi Lansing
Pennsylvania Budget and Policy Center
People’s Action
Progress Arizona
Progressive Democrats of America
Progressive Leadership Alliance of Nevada
ProgressNow Colorado
Public Citizen
Sierra Club
Sisters of Mercy of the Americas Justice Team
Social Security Works
Sunrise Movement
Take on Wall Street
Tax March
The Center for Economic and Policy Research
United Food and Commercial Workers International Union
United State of Women
Upper West Side MoveOn/Indivisible Action Group
Virginia Organizing
Voices for Progress
Washington State Budget & Policy Center
Women’s March
Working Families Party

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