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Apr 28, 2022 · The White House is making a last-ditch effort to salvage parts of Joe Biden’s once-sweeping economic agenda, junking spending commitments and focusing on deficit reduction in an attempt to win...
Dec 14, 2021 · The White House is rushing to save its plans to pass Joe Biden’s $1.75tn Build Back Better bill by the end of the year, with time running low to win over Democratic holdouts worried about...
- James Politi
- $555 Billion to Fight Climate Change
- $400 Billion For Universal Pre-K
- $200 Billion For Child Tax Credits
- $200 Billion For 4 Weeks of Paid Leave
- $165 Billion on Healthcare Spending
- $150 Billion to Expand Affordable Home Care
- $150 Billion For Affordable Housing
- Where Is All This Money Coming from?
The biggest sum of money in the bill is set aside for climate-related provisions, which the White House hopes will allow Biden to deliver on his goal to halve carbon emissions by 2030. The bulk of clean energy spending—$320 billion—comes in the form of tax credits for companies and consumers that install solar panels, improve the energy efficiency ...
The bill directs money to providing free universal preschool for all three and four year olds, which the White House has dubbed the largest expansion in education programs since the creation of public high school. Under the universal preschool plan, parents will be able to send their children to a public school or childcare program of their choice....
The bill grants a one-year extension of the pandemic-era child tax credit, which provides parents with $300 every month per child under age six and $250 every month per child ages six to 17. Families that do not earn enough money to qualify for income tax liability will be eligible to continue receiving the full child tax credit beyond the one-year...
The bill creates a permanent, comprehensive national paid leave program that gives employed workers—including those who are self-employed—four weeks of paid family and medical leave, which can be used for caregiving or personal illness. If this provision becomes law, workers who request paid leave starting in 2024 will receive a percentage of their...
Touted by the White House as the biggest expansion of affordable health care in a decade, the spending bill reduces health care premiums under the Affordable Care Act and expands Medicare coverage to include hearing benefits. Premiums for those who buy insurance through the Affordable Care Act marketplace will be around $600 less per person each ye...
The plan provides funding for a Medicaid program that supports in-home health care, helping to reduce a backlog of people waiting to receive subsidized home care and improve wages for providers. Thousands of seniors and disabled Americans have been unable to receive care they need, including more than 800,000 on state Medicaid waiting lists, the Wh...
Increased spending on housing affordability will go towards building more than 1 million new rental and single-family homes. The bill aims to reduce cost pressures by providing rental and down payment assistance through an expanded voucher program. According to the National Low Income Housing Coalition, around 70% of all extremely low income famili...
Democrats say the spending package will be paid for by tax increases on high earners and corporations, but the nonpartisan Congressional Budget Office found on Thursday that this will only raise around $1.5 trillion over 10 years—just short of the $1.75 trillion in 10-year spending. The CBO findings are at odds with the White House’s pledge to full...
Jan 18, 2022 · With all 50 Republicans in the 100-seat Senate opposed to the spending bill, the White House has to win over Manchin and any other Democratic holdouts. If it succeeds, Democratic Vice...
Oct 28, 2021 · The White House released a framework Thursday on President Biden’s “Build Back Better” agenda, a $1.85-trillion outline that Democrats plan to pass in Congress without any Republican support.
Nov 19, 2021 · Here are some key parts of the Build Back Better Act: It lowers your costs to save you money on things like prescription drugs and health care and housing.
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Oct 28, 2021 · CNN — President Joe Biden is set to announce the $1.75 trillion framework on his economic and climate agenda Thursday as he addresses the House Democratic caucus. “The President believes the...
