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Pharmaceutical industry

Corporate Sabotage of President Biden's Build Back Better Agenda Exposed

Strategic Insights

— 2 min read

A new report, "Behind the Curtain: The Corporate Plot to Upend Democracy," reveals how 20 corporations or groups, representing them, have spent over $201 million in lobbying to derail important investments and reforms outlined in President Biden's Build Back Better agenda. The report highlights corporations such as Anthem, JPMorgan Chase, FedEx, Wal-Mart, Exxon, Amazon, Pfizer, and Blue Cross Blue Shield as working to preserve an inequitable status quo. "While everyday people are calling on Congress to put people first and safeguard their basic rights to housing, health care, and a clean environment, corporations are prioritizing profits and working hard to preserve an inequitable status quo," said Dēmos Senior Policy Analyst Daniella Zessoules.

Key Takeaways:

  • 20 corporations or groups representing them have spent over $201 million in lobbying to derail important investments and reforms demanded by voters in President Biden's Build Back Better agenda.
  • The report highlights key issues areas where corporations are working to derail critical provisions, including increasing taxes for corporations and the ultra-rich, lowering drug prices, providing affordable healthcare, investing in public and affordable housing, tackling climate change, and providing a pathway to citizenship for undocumented people.
  • People's Action and Dēmos are shining a light on corporate sabotage, calling on lawmakers to take a stand on behalf of the people.
  • The report focuses on six key issue areas critical to the $3.5T budget package, including:

+ Increasing taxes for corporations and the ultra-rich

+ Lowering drug prices

+ Providing affordable healthcare

+ Investing in public and affordable housing

+ Tackling climate change

+ Providing a pathway to citizenship for undocumented people

  • People's Action member organizations are holding rallies and direct actions across the country, targeting the same corporate entities and trade associations, pushing for Congress to pass a budget package for the people.

Statistics:

  • $201 million spent by 20 corporations or groups representing them on lobbying to derail Build Back Better agenda
  • 6 key issue areas critical to the $3.5T budget package being targeted by corporate sabotage
  • 40 state and local grassroots, power-building organizations in 30 states make up the People's Action network, united in fighting for justice
  • 20 corporations highlighted in the report for working to derail critical provisions of Build Back Better agenda

Sources:

  • "Behind the Curtain: The Corporate Plot to Upend Democracy" by Demos and People's Action
  • [1] "People's Action is a national network of 40 state and local grassroots, power-building organizations in 30 states, united in fighting for justice."
  • [2] "Demos is a think tank that powers the movement for a just, inclusive, multiracial democracy."

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