Tag Archives: Build Back Better Act

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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