Federal recovery hinges on corporations, wealthy paying their fair share

A version of this column appeared in The Alpena News. For more columns like this, subscribe to In the Loop, the League’s monthly newsletter. 

Well, we’re certainly enduring an unpredictable summer. From horrendous storm surges to horrendous variant surges, we’re still battling a lot as a state. But Michigan’s communities are standing strong and we’ve got plenty of allies across the nation who are working to build powerful recovery efforts.

On August 11, the U.S. Senate passed a $1 trillion bipartisan infrastructure bill and a budget resolution calling for $3.5 trillion more in spending. The House will likely wait to act, as Speaker Nancy Pelosi has said she won’t take up one of these plans without the other. Now is the time for action.

For too long, Michigan families have been held back by racial and economic inequality. Even before the COVID-19 pandemic, more than a quarter of households in America—including more than one-third of households with kids and one-half of Black and Latinx households with children—were experiencing economic hardship. But in 2020, 55 of America’s largest corporations paid nothing in federal income taxes, and the nation’s top billionaires saw their fortunes grow by leaps and bounds, even as millions of Americans experienced hardship during the pandemic.

Instead of continuing tax breaks for wealthy Americans and corporations whose profits have soared, including during the pandemic, we can deliver what all our families deserve:

  • Affordable and accessible health care
  • Housing vouchers, child care, and nutrition to help families meet their needs
  • Money back in people’s pockets through permanent expansions to the Child Tax Credit and Earned Income Tax Credit
  • Subsidized jobs to help people facing barriers in the labor market build work experience
  • A modernized, stronger unemployment system that works for everyone

Yesterday marked an important step toward passing the transformational policies our country needs to improve lives, create a stronger, fairer economy, advance racial equity and ensure all people can share in the prosperity of our nation.

Our elected officials are drafting recovery legislation now, so it’s time to make yourself heard. Click here to tell them you want our government to support families and invest in communities. You can also register for our annual policy forum, which will take place virtually on Oct. 25, 2021. Our keynote speaker Janelle Jones is Chief Economist for the U.S. Department of Labor and we’ll focus on an equitable federal recovery plan that will benefit all Michigan residents.

And as summer comes to a close, let’s mask up and vax up if we can. It’s going to take all of us to help Michigan stay on the road to recovery.


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