The Death of Trickle-Down Economics
Chicago – Today, President Biden delivered a major speech touting the economic gains and recovery made under his administration and the strengths of his economic policy, nicknamed “Bidenomics.” Fueled by bipartisan legislation like the Infrastructure Investment and Jobs Act, the CHIPS Act, and the Inflation Reduction Act, Bidenomics has grown the economy by putting money back in the pockets of working people instead of corporations and billionaires. Its success has officially led to the death of trickle-down economics.
Even in the face of the success of Bidenomics, including adding over 13 million jobs, long-needed infrastructure investment, and wage gains leading to the highest job satisfaction ever, House Republicans are attempting to seize this progress from the American people, double down on handouts and sweetheart deals for the wealthy and corporate special interests, and threaten necessities for working families, seniors, and veterans.
Unrig Our Economy campaign director Sarah Baron released the following statement:
“President Biden’s speech today was a stark reminder that Republicans in the House aren’t working for working people. They’re working for corporate special interests and the wealthy. Bidenomics is restoring the American dream, benefitting working Americans from all walks of life and building the economy so that everyone does well. Let’s call a scam a scam— trickle-down economics has been debunked and is dead.“