Washington, D.C. — Government watchdog Accountable.US released a new analysis finding that the expanded Child Tax Credit in the Biden Build Back Better plan would benefit approximately 86% of California children – and that less than 3.8% of households in Rep. Jim Costa’s district would be affected by the plan asking the wealthiest Americans and billion-dollar corporations to pay their fair share in taxes. It comes as Rep. Costa is holding up the reconciliation process over ‘concerns’ that largely mirror those of corporate special interests that prefer to maintain the broken status quo at the expense of working families.
“With so many families struggling to get back on their feet and get ahead in the middle of the ongoing pandemic, it’s critical that lawmakers like Jim Costa not lose perspective on who really needs help,” said Kyle Herrig, president of Accountable.US. “Rep. Costa has an opportunity to deliver tax relief to virtually every family in California with the stronger child tax credit. It makes no sense economically to hold hostage real help for families just to protect tax breaks for a tiny, wealthy minority — and the public strongly agrees. The rich can afford to pay a fairer share in taxes, but many families in California can’t afford to lose out on this commonsense tax relief.”
Poll after poll has shown voters overwhelmingly support the major provisions of the Biden Build Back Better agenda, including a huge bipartisan majority that support the pay-fors in the budget reconciliation plan.
Accountable.US also released a report this week finding that in August 2021 alone, the Democrats holding up the reconciliation process, Sens. Sinema, Manchin, and U.S. Reps. Cuellar, Gonzalez, Gottheimer, Schrader, Murphy, banked over $150,000 in campaign donations from corporate interests — including those that are helping lead business groups opposing the bill.
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