Tag Archives: Build Back Better Act

‘Reckless’ FDA and Big Pharma Greed Blamed for Medicare Premium Hike

“All Part B Medicare beneficiaries soon will be forced to bear significant financial burden as a direct result of the FDA’s reckless decision.”

By Jake Johnson.  Published 11-16-2021 by Common Dreams

Janet Woodcock, acting commissioner of the Food and Drug Administration. Screenshot: FDA

Medicare Part B recipients will soon be hit with one of the biggest premium increases in the history of the government program, a hike driven in large part by the Food and Drug Administration’s scandalous approval of a costly—and, according to many experts, dubious—Alzheimer’s drug.

Last week, the Centers for Medicare and Medicaid Services (CMS) announced that monthly Medicare Part B premiums will be raised to $170.10 in 2022, up from this year’s level of $148.50. Continue reading

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Big Pharma Spent ‘Horrifying’ Sums of Money to Weaken Drug Price Reform

The industry is expected to break its lobbying record after spending tens of millions of dollars to undermine a popular proposal to reduce prescription drug costs.

By Kenny Stancil.  Published 11-5-2021 by Common Dreams

Photo: Daniel Foster/flickr/CC

While progressive advocates are still optimistic that a limited drug pricing provision will be included in the Build Back Better Act, the Washington Post on Friday detailed the “massive, months-long advertising, lobbying, and political donation blitz” that Big Pharma and its allies carried out to kill a stronger and overwhelmingly popular proposal that would have done more to protect Americans from the industry’s deadly price gouging.

As Common Dreams has reported, pharmaceutical corporations and private health insurers spent $171 million on lobbying through the first nine months of the year, the most of any industry. Big Pharma’s 1,600 lobbyists outnumber members of Congress by a ratio of three to one. Continue reading

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‘The Supreme Court Could Destroy the Planet’: Review of EPA Power Triggers Alarm

“This is the equivalent of an earthquake around the country for those who care deeply about the climate issue.”

By Jessica Corbett, staff writer for Common Dreams. Published 10-29-2021

Xcel Energy’s Sherburne County (Sherco) Generating Station, a coal-fired power plant, near Becker, Minnesota. Photo: Tony Webster/flickr/CC

As U.S. President Joe Biden prepares for a consequential United Nations climate summit in Scotland, the Supreme Court on Friday provoked widespread alarm by agreeing to review the Environmental Protection Agency’s authority to limit planet-heating pollution.

“The Supreme Court could destroy the planet. Pass it on,” tweeted Rep. Earl Blumenauer (D-Ore.) in response to the decision. Continue reading

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Low-Income Americans to Congress: ‘I Am the Cost of Cutting Build Back Better’

“We need to stop asking, ‘How much does a bold Build Back Better agenda cost?’ and instead ask, ‘How much does it cost not to Build Back Better?'” said Rev. Dr. William J. Barber II.

By Kenny Stancil, staff writer for Common Dreams. Published 10-28-2021

With President Joe Biden and many congressional Democrats bowing to right-wing party members’ demands to gut their once far-reaching agenda to tax corporations and the wealthy to fund expanded public benefits and climate action, low-income people from across the United States convened in Washington, D.C., on Wednesday to say that “I am the cost of cutting the Build Back Better plan.”

“We need to stop asking, ‘How much does a bold Build Back Better agenda cost?’ and instead ask, ‘How much does it cost not to Build Back Better?'” Rev. Dr. William J. Barber II, president of Repairers of the Breach, said during Wednesday’s rally, which was organized by the Poor Peoples’ Campaign: A National Call for Moral Revival, an effort that he co-chairs. Continue reading

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After Getting ‘Stealth Bailout’ During Pandemic, US Corporations Try to Kill Proposed Tax Hikes

“When it’s time to finally put workers first, big businesses are spending millions to maintain their advantage and preserve the status quo,” said Kyle Herrig of Accountable.US.

By Jessica Corbett, staff writer for Common Dreams.  Published 10-21-2021

Members of the Patriotic Millionaires hold a federal tax filing day protest in New York City. Photo: Michael Kink/Twitter

Major U.S. companies that got a “stealth bailout” thanks to congressional pandemic relief legislation are now lobbying against President Joe Biden’s proposal to hike taxes on wealthy individuals and corporations through the Build Back Better package, according to a new Accountable.US analysis provided exclusively to Common Dreams.

Accountable.US takes aim at the recent lobbying activities—and in some cases, statements from top executives—of Apple, Baxter International, Bristol-Myers-Squibb, DuPont de Nemours, FedEx, Johnson & Johnson, Oracle, Walgreens Boots Alliance, and Walmart. Continue reading

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A Quarter of All ‘Critical’ US Infrastructure at Risk From Flooding: Report

“Our nation’s infrastructure is not built to a standard that protects against the level of flood risk we face today, let alone how those risks will grow over the next 30 years as the climate changes,” said one expert.

By Kenny Stancil, staff writer for Common Dreams.  Published 10-11-2021

Long Island Expressway in New York City shut down due to flash flooding from Post-Tropical Storm Ida’s landfall. Photo: Tommy Gao/Wikimedia Commons/CC

Underscoring the need to slash greenhouse gas emissions and invest in public goods to better prepare communities across the United States for escalating extreme weather, a new report released Monday finds that one-quarter of the nation’s “critical” infrastructure is already susceptible to flooding that renders it inaccessible, with risks projected to increase in the coming decades.

Described as the first-ever nationwide evaluation of community-level vulnerability to flooding, the report—Infrastructure on the Brink, compiled by the First Street Foundation, a nonprofit research group that specializes in environmental risk assessment—highlights localities where housing, commercial real estate, transportation networks, schools, hospitals, power plants, and other pieces of infrastructure face operational flood risk in 2021. Continue reading

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Unemployment Benefit Cut-Off Will Slash Annual Incomes by $144 Billion: Analysis

“By failing to extend unemployment benefits, Congress and the White House will harm working people struggling in the pandemic.”

By Jake Johnson, staff writer for Common Dreams.  Published 9-17-2021

People’s Unemployment Line protest in Philadelphia, 2020. Photo: Joe Piette/flickr/CC

The decision by Congress and the Biden administration to let pandemic-related unemployment programs expire earlier this month will slash annual incomes across the U.S. by $144.3 billion and significantly reduce consumer spending, the Economic Policy Institute estimates in an analysis released Friday.

Drawing on recent research (pdf) examining the 26 states that prematurely ended the emergency unemployment insurance (UI) programs, EPI argues that the “best available evidence” indicates the benefit cut-offs thus far have resulted in “all pain and no gain.” Continue reading

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