Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Nick Kauzlarich and Emily Carew at news@epi.org or 202-775-8810

Press Release

Cutting the Reconciliation Bill to $1.5 Trillion Would Support Nearly 2 Million Fewer Jobs per Year

WASHINGTON -

Nearly 2 million fewer jobs per year would be supported if the budget reconciliation package is cut from $3.5 trillion to $1.5 trillion, according to new research from EPI visiting economist Adam S. Hersh.

Every state and Washington, D.C. would see fewer jobs supported under a $1.5 trillion plan—as Senator Joe Manchin (D-WV) has proposed—than the Build Back Better agenda, including: 

  • West Virginia, which would see 9,880 fewer jobs annually under Manchin’s plan, equivalent to 1.33% of the state’s overall employment. West Virginia would be no better off in terms of jobs in fossil fuel industries, but would see 900 fewer manufacturing jobs, 400 fewer construction jobs, and 3,800 fewer health care and social assistance jobs.
  • Arizona, which would see 35,564 fewer jobs per year, equal to 1.17% of state employment. This would include 2,500 fewer manufacturing jobs, 1,600 fewer construction jobs, and 11,400 fewer health care and social assistance jobs. Senator Kyrsten Sinema (D-AZ) has objected to the $3.5 trillion price tag in the reconciliation package. 

“The Build Back Better agenda would make critical investments to deliver relief to financially strained households, raise productivity, and dampen inflation pressures to enhance America’s long-term economic growth prospects,” said Hersh. “Further reducing the scale and scope of the budget reconciliation package unequivocally means the legislation will support far fewer jobs and deliver fewer benefits to lift up working families and boost the economy as a whole. Senators Joe Manchin and Kyrsten Sinema’s efforts to scale back Build Back Better can only leave working families worse off and America’s economy less resilient to the challenges we face now and in the future.” 

recent EPI report showed that the Build Back Better agenda—combining the Bipartisan Infrastructure Framework and the proposed $3.5 trillion budget reconciliation package—would support more than 4 million jobs annually. If the reconciliation package is reduced to $1.5 trillion, 1.9 million fewer jobs would be supported. 

The $2 trillion gap left by Sen. Manchin’s proposal cuts far deeper than any of the policy specifics he proposes eliminating, according to Hersh. Even if Sen. Manchin succeeded in eliminating all climate-related funding in the Build Back Better agenda budget resolution, his plan would still fall nearly $1.8 trillion short. Thus, the analysis assumes that hewing to Sen. Manchin’s demands would mean a proportional cut across all of the Build Back Better agenda’s individual initiatives. 

###

EPI is an independent, nonprofit think tank that researches the impact of economic trends and policies on working people in the United States. EPI’s research helps policymakers, opinion leaders, advocates, journalists, and the public understand the bread-and-butter issues affecting ordinary Americans.

Keystone Pipeline Shut Down After Oil Leaks Into Kansas Creek

"Pipelines leak," said one climate campaigner. "Especially ones named Keystone."

Julia Conley ·


People in US Trying to Flee Extreme Weather Can't Escape Climate Catastrophe: Study

"These trends suggest that migration is increasing the number of people in harm's way," reads the study.

Julia Conley ·


Biden, DNC Urged to Make Diverse Swing State—Not South Carolina—First Primary Contest

"Our first priority must be to select states early in the process that help produce the strongest Democratic nominee consistent with our working-class values and agenda," says a new petition from More Perfect Union.

Kenny Stancil ·


'On Her Way Home': WNBA Star Brittney Griner Freed in US-Russia Prisoner Swap

"Moments ago I spoke to Brittney Griner," said U.S. President Joe Biden. "She is safe. She is on a plane."

Jessica Corbett ·


Historic Offshore Wind Lease Sale in California Gets Over $750 Million in Winning Bids

"If we build on today's forward momentum, the United States can dramatically reduce its global warming emissions and become a global leader in renewable energy technologies like deep-water offshore wind."

Brett Wilkins ·

Common Dreams Logo