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Reports & Issue Briefs

The Build Back Better Act will reduce costs and cut taxes for working families, make critical investments to grow the economy, promote shared prosperity and increase revenue by asking the wealthiest Americans and the most profitable corporations to pay their fair share. Passing the fully paid-for Build Back Better Act, in addition to the recently enacted bipartisan Infrastructure Investment and Jobs Act, will support sustained economic growth, increase productivity, create jobs and reduce long-term inflationary pressure.
Failure to address climate change will prove catastrophic. The economic and social costs are enormous. Climate change will increase the frequency and impact of natural disasters such as hurricanes and floods, and increase the likelihood of unbearable heat and droughts. From an economic point of view, a hotter planet will make workers and agricultural land less productive, slowing economic growth and lowering living standards over time. All Americans will bear the costs of climate change, and the small fraction of the global population that has not yet been affected shrinks every day. Unchecked, these costs—which disproportionately impact marginalized communities—will continue to compound, harming working families through reduced wages, property loss, and worse health outcomes.
Using state-level data from the Treasury Department on advance Child Tax Credit (CTC) payments, the Joint Economic Committee estimated, by congressional district, the cumulative total CTC payment amounts in 2021 and the number of eligible children receiving the benefit at year’s end. Advance CTC payments began on July 15 and were authorized to continue each month through the end of the year. JEC estimates are based on data available through November 15.
Each month, the Bureau of Labor Statistics (BLS) releases national and state-level data on U.S. employment, which provide useful information about the state of the labor market and progress toward building back better.