The Bureau of Labor Statistics today announced the Consumer Price Index for all Urban Consumers (CPI-U) increased 0.8% in November on a seasonally adjusted basis. In response to the release of the data, the BlueGreen Alliance released the following statement from Executive Director Jason Walsh:
“The Build Back Better Act, as well as the recently-enacted Infrastructure Investment and Jobs Act, will not add to the dollar’s inflation, according to Moody’s and other leading rating agencies. They will not add to our national debt.
“What they will inflate is wages for workers, the middle-class, and our efforts to fight climate change—not the price of everyday goods. The Build Back Better Agenda will boost economic productivity, help to revitalize the American manufacturing sector, modernize our infrastructure systems, and increase social safety net programs that promote the economic wellbeing of American workers.
“The House has done its job. The Senate must follow suit and pass Build Back Better so that the country, its workers, and its economy can get back on track.”