While policies to support families and address climate risks remain blocked at the federal level, California continues to forge ahead with these broadly popular agenda items. Should the Biden administration's signature Build Back Better Act fail to pass, America will need a progressive policy beacon more than ever.
BERKELEY – As of early 2022, the fate of US President Joe Biden’s ambitious plan for delivering an equitable and sustainable economic recovery is uncertain. Failure to pass the $1.75 trillion Build Back Better (BBB) Act would be a major lost opportunity. The legislation would boost the economy at a time of heightened COVID-19 risk. Without it, Goldman Sachs projects that first-quarter GDP growth in the United States could be a full percentage point lower than it would have been.
BERKELEY – As of early 2022, the fate of US President Joe Biden’s ambitious plan for delivering an equitable and sustainable economic recovery is uncertain. Failure to pass the $1.75 trillion Build Back Better (BBB) Act would be a major lost opportunity. The legislation would boost the economy at a time of heightened COVID-19 risk. Without it, Goldman Sachs projects that first-quarter GDP growth in the United States could be a full percentage point lower than it would have been.