John,
At last year’s address before Congress, President Biden declared, “My fellow Americans, trickle-down economics has never worked. It’s time to grow the economy from the bottom up and the middle out.”
That’s exactly what his administration has spent the last year doing. Check out this headline from Bloomberg about how economic gains are being broadly shared:
Instead of focusing on giving huge tax breaks to the wealthy and corporations, President Biden has worked to ensure working families have a chance to get ahead. He’s led the fastest economic recovery in history, creating more jobs in one year than any president before him.
This is thanks to Biden getting Congress to pass the American Rescue Plan–Covid relief legislation that got most of the population vaccinated and saved us from a debilitating recession. And thanks to his leadership, Congress enacted the Bipartisan Infrastructure Law–the biggest investment in rebuilding our roads, transit and water systems in decades.
Donate today to help us fight for the next major part of President Biden’s economic agenda—making the wealthy and corporations pay their fair share in taxes!
Here are just a few things President Biden accomplished during his first year in office:
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Creating more than 6 million jobs, the most on record
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Cutting the unemployment rate by over one-third, the biggest single year drop in history
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Growing the U.S. economy by 5.7%, the highest growth rate in almost 40 years
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Expanding the Child Tax Credit, saving 3.7 million children from poverty
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Getting 4.5 million people healthcare under the Affordable Care Act
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Approving $55 billion in investments over 10 years to offer safe drinking water
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Expanding broadband internet to provide up to 30 million Americans with fast, reliable service
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Investing $110 billion for rebuilding our crumbling roads and bridges–the single biggest investment since the interstate highway system was finished 50 years ago
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Making the single largest public transit investment in American history
Plus so much more!
And the resurging Biden economy is far from finished. Congress is still working on a final agreement for a huge investment package to help working families build back better—helping them afford healthcare, utilities, education, and childcare. It’s going to be fully funded by making the wealthy and corporations pay their fair share in taxes. No one making under $400,000 will pay more in income taxes.
By investing in working people and unrigging our tax code, President Biden is on track to end once and for all the GOP charade that trickle-down economics–huge tax cuts for the rich and corporations–actually benefit working people!
We’re celebrating all that President Biden has accomplished during his State of the Union address tonight, but there’s so much more we can do together. Donate today to help us get a deal through Congress that makes the wealthy and corporations start to pay more of their fair share in taxes.
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Together, we can build our economy from the bottom up and the middle out.
Frank Clemente
Executive Director
Americans for Tax Fairness
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