One of the reasons the Biden plan has had so many problems is that his administration failed to present it in terms ordinary citizens would understand. Now that it has been greatly reduced, the White House issued this statement today:
The Build Back Better Act will create millions of good-paying jobs,
enable more Americans to join and remain in the labor force, spur
long-term growth, reduce price pressures and set the United States on
course to meet its clean energy ambitions.
Investments in Children, Families and Caregiving that Grow the Economy’s Capacity
- Universal Preschool for all 3- and 4-year Olds: Expand access to free high-quality preschool for more than 6 million children. This is a long-term program, with funding for six years.
- Affordable High Quality Child Care:
Limit child care costs for families to no more than 7% of income, for
families earning up to 250% of state median income. It enables states to
expand access to about 20 million children. Parents must be working,
seeking work, in training or taking care of a serious health issue. This
is a long-term program, with funding for six years.
- Affordable,
High-Quality Care for Hundreds of Thousands of Older Americans and
People with Disabilities in Their Homes and Communities:
Strengthening an existing program through Medicaid and ending the
existing backlog and improving working conditions for home care workers
- Expanded Child Tax Credit: Extend for one year the current expanded Child Tax Credit for more than 35 million American households, with monthly payments for households earning up to $150,000 per year. Make refundability of the Child Tax Credit permanent.
Investments in Clean Energy and Combating Climate Change
- Clean Energy Tax Credits ($320 billion):
Ten-year expanded tax credits for utility-scale and residential clean
energy, transmission and storage, clean passenger and commercial
vehicles, and clean energy manufacturing.
- Resilience Investments ($105 billion):
Investments and incentives to address extreme weather (wildfires,
droughts, and hurricanes, including in forestry, wetlands, and
agriculture), legacy pollution in communities, and a Civilian Climate
Corps.
- Investments and Incentives for Clean Energy Technology, Manufacturing, and Supply Chains ($110 billion):
Targeted incentives to spur new domestic supply chains and
technologies, like solar, batteries, and advanced materials, while
boosting the competitiveness of existing industries, like steel, cement,
and aluminum.
- Clean Energy procurement ($20 billion): Provide incentives for government to be purchaser of next gen technologies, including long-duration storage, small modular reactors, and clean construction materials.
Affordable Care for Millions of Hardworking Americans
- Affordable Care Act Premium Tax Credits:
Extend the expanded Affordable Care Act premium tax credits through
2025. Experts predict that more than 3 million people who would
otherwise be uninsured will gain health insurance. Also make Affordable
Care Act premium tax credits available through 2025 to 4 million
uninsured people in uncovered states.
- Allow Medicare to cover the cost of hearing. Establish a hearing benefit in Medicare, a crucial benefit to our seniors for a reasonable cost.
Bringing Down Costs, Reducing Inflationary Pressures, and Strengthening the Middle Class
- Housing: $150 billion investment in
housing affordability and reducing price pressures, including in rural
areas. Funds go towards building, preserving, and improving more than 1
million affordable rental and single-family homes, including public
housing, plus rental and down payment assistance.
- Education Beyond High School and Workforce Development:
Reduce costs and expand access to education beyond high school by
raising the maximum Pell grant, providing support to Historically Black
Colleges & Universities (“HBCUs”), Hispanic Serving Institutions
(HSIs), Minority Serving Institutions (“MSIs”), and Tribal Colleges and
Universities (“TCUs”), and investing in workforce development, including
community college workforce programs, sector-based training, and
apprenticeships.
- Earned Income Tax Credit for 17 Million Low-Wage Workers: Extend for one year the current expanded Earned Income Tax Credit for childless workers.
- Equity and Other Investments: Other targeted investments including maternal health, community violence initiatives, Native communities, disadvantaged farmers, nutrition, pandemic preparedness, supply chain resilience, and other areas.
2 comments:
Better look at today's news, Biden is reshaping the reconciliation bill for the benefit of Manchin and Sinema"s donors, while harming the rest of us. I hope the progressives tank this new "Build Back Worse" bill, and the disastrous "Privatize Infrastructure Bill" with it's unconscionable travesty of "asset recycling". Both bills have become evil jokes, that will do plenty of harm and very little good. Only progressives can save us from these burning pile of shit pair of bills.
This is what you get for voting for an elderly man with dementia, who is unable to actively work to forward what started as a decent agenda for reconciliation. Every Biden campaign promise is getting chucked out of the bill while more advantages for the richest are installed. Both bills have become a toxic stew of corruption.
Thanks DNC and Obama, we could have had an old man who with a fully functioning brain who has an agenda that would have made this country much better, but no, their status quo must be preserved even as it drags the rest of us down the road to ruin.
Points noted, however, unlike the Party of Trump, there is an active opposition.within the Democratic Party that is refusing to roll over. And, for the present, we’re not living in a Trump run dictatorship. But we will be if the Dems don’t develop a backbone.
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