STATEMENT ON LOWERING COSTS AND SHORING UP AMERICA’S SUPPLY CHAINS FROM BUILDING BACK TOGETHER EXECUTIVE DIRECTOR DANIELLE MELFI

FOR IMMEDIATE RELEASE: November 10, 2021
PRESS CONTACT: [email protected]

STATEMENT ON LOWERING COSTS AND SHORING UP AMERICA’S SUPPLY CHAINS FROM BUILDING BACK TOGETHER EXECUTIVE DIRECTOR DANIELLE MELFI

“Today’s numbers from the Bureau of Labor Statistics underscore the urgent need for President Biden’s Bipartisan Infrastructure Deal and Build Back Better Act as our economy continues to recover from a once-in-a-century pandemic and an unprecedented global economic shutdown. The Biden-Harris Administration is dedicated to tackling the issue of rising costs head on — that’s why these pieces of legislation will help lower the cost of things families depend on and will strengthen our supply chains and get goods to Americans more efficiently. And that’s why the Biden-Harris Administration just announced yesterday a comprehensive plan aimed at addressing one of the root causes of rising costs: our outdated supply chain infrastructure.

Today we also saw signs of progress as unemployment claims fell for the sixth consecutive week and fell to their lowest level since before the pandemic began. President Biden’s policies have created more than 5.5 million jobs and have led to the fastest economic growth over the first three quarters in almost 40 years.

But we still have a lot of work to do to build our country back better and that starts with passing President Biden’s Build Back Better Act, which is fully paid for and that 17 Nobel Prize winning economists have said will not only boost our economy but also “ease inflationary pressures,” all without raising taxes on anyone making under $400,000 a year. The legislation will cut taxes for millions of working families and lower their costs, from prescription drug prices to child care costs to utility bills, and more.”

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