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Biden’s ‘American Jobs Plan’ Introduces a New Era of People-First Economics, End of Disastrous Reagan-Era Trickle-Down Economics

March 31, 2021
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Biden’s ‘American Jobs Plan’ Introduces a New Era of People-First Economics, End of Disastrous Reagan-Era Trickle-Down Economics
PITTSBURGH, PA — Signaling an historic end to trickle-down economics and the start of a new era of large-scale public investment, President Biden will unveil his American Jobs Plan in Pittsburgh today. The proposal is an initial $2 trillion investment in infrastructure and public services to create good-paying union jobs for workers. It also outlines a significant pathway to start unrigging our tax code by rolling back big pieces of the Trump Tax Cuts so that we reward work, not wealth.
Tax March Executive Director Maura Quint commented:
“The president’s American Jobs Plan marks a long-needed pivot from nearly forty years of failed trickle-down economics, toward the kind of people-first policymaking the American public overwhelmingly supports. Bad faith ‘deficit hawks’ and corporate-backed lawmakers will claim we can’t afford to invest in workers, but Americans don’t want to hear excuses for government inaction. We want good jobs that put food on the table, and keep a roof over our heads. Today’s proposal is also a step toward a tax code that puts the American people first—not the wealthy, well-connected elites who have benefited for too long from a broken tax system and Reagan-era economics.
“We know that Americans overwhelmingly support taxes on the rich. Polls show that nearly two thirds of Americans want higher taxes on people making more than $400,000 per year, including nearly half of Republicans. During the pandemic, billionaires added more than $1 trillion to their wealth while millions of Americans slipped into poverty. It’s not enough to go ‘back to normal’ as long as our system allows that to happen. President Biden’s plan takes a crucial first step: raising taxes on the corporations and billionaires who received a nearly $2 trillion giveaway under Trump, and investing directly in the American people.”
To speak with a Tax March spokesperson, please contact [email protected]

About Tax March

Tax March is a grassroots movement fighting for a fairer and more equitable tax code, and an economy that works for everyone, not just those at the top. Our organizers across the nation advocate in their communities and in Washington for policies to tax the rich and invest in middle and working class communities. During the coronavirus pandemic, we are calling on Congress and the White House to deliver direct relief to working families, tax the billionaires and big corporations whose wealth has skyrocketed, and rebuild a stronger, more equitable economy. Join the movement on Twitter and Facebook, or visit us at TaxMarch.org.

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