FOR IMMEDIATE RELEASE
August 11, 2021
August 11, 2021
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‘Democrats Must Stand Firm’ On $3.5 Trillion Budget Resolution
WASHINGTON, DC — This morning, the Senate took a significant step by approving a $3.5 trillion budget resolution, which would begin to rebalance the economy in favor of everyday Americans. The vote moves Congress closer to fulfilling Democrats’ promises to tax the rich, invest in American families, generate millions of good-paying jobs, and build the economy of the future. As Congress irons out details in the coming weeks, Democrats must stand firm on the full spending proposed in this resolution.
Tax March Executive Director Maura Quint commented:
“Today’s news is a significant step toward fulfilling the promise of Congressional Democrats and the administration by putting America’s middle and working class ahead of billionaires and big corporations. Still, the job is not finished. We’ll be watching closely in the coming weeks to be sure Congress delivers.“Democrats must stand firm on taxing the rich and providing the full $3.5 trillion in spending outlined in the resolution. For too long, big corporations and the ultra-wealthy have used their lobbying power to rig the tax code in their favor at the expense of the middle and working class. New analysis from ProPublica published today shows just how bad it’s gotten — 82 ultra- rich families avoided paying over $1 billion in taxes after the 2017 tax scam. This is our chance to take a step toward making sure they pay their fair share.“Just as important, we must invest in the future of everyday Americans. Experts have clearly shown that at least $4.5 trillion in spending is necessary to recover from the gap caused by the pandemic and ensure we build a stronger American economy where all Americans can thrive. When paired with the bipartisan infrastructure bill, this resolution will finally provide the investments in our families and communities that have been held back for far too long.”