ICYMI: Moody’s Report — Macroeconomic Consequences of the Infrastructure Investment and Jobs Act and Build Back Better Framework

Moody’s Report: Macroeconomic Consequences of the Infrastructure Investment and Jobs Act & Build Back Better Framework

Mark Zandi & Bernard Yaros | November 4, 2021

Independent economic analysts from Moody’s Analytics projects the Infrastructure Investment and Jobs Act and Build Back Better Framework will “strengthen long-term economic growth, the benefits of which would mostly accrue to lower- and middle-income Americans.”

Specifically, it will:

• Add 1.5 million jobs per year on average over the whole decade
• Increase labor force participation and accelerate the return to full employment
• Increase total GDP by $3 trillion throughout the next decade

The economists say the legislation is “designed to ease the financial burden of inflation for lower- and middle-income Americans by helping with the cost of childcare, eldercare, education, healthcare and housing for these income groups.”

Read the full report here.