A Historic Day
In a historic day (and week) for the Biden presidency, the U.S. House of Representatives passed the Build Back Better Act, a $1.75 trillion economic plan that focuses on support for families, the climate crisis, increasing access to health care, affordable housing, lowering costs for the middle class, and tax reforms. The BBB delivers on the promise made by President Joe Biden and the Democrats to provide transformative investments in working people across America.
They See Blue is proud to have played a small role in electing representatives with progressive values who championed the cause of this bill, which promises to tackle a gamut of issues, from climate change to childcare, and reduce inequality by providing opportunities to working people and taxing mega corporations and the uber rich.
What’s in Build Back Better?
- Universal preschool
- Expanded child tax credit
- Free community colleges
- Expanded Medicare and Medicaid
- Paid family leave (12 weeks, likely to be reduced in the Senate)
- Housing investments for low and middle-class homeowners
- Tax cuts for electric vehicles and other climate-based incentives
- Creation of a Civilian Climate Corps, providing jobs and impacting climate change
What Next?
The bill is now headed to the Senate, where it must surely meet with the approval of moderate senators after having received an excellent CBO score on its impact on the deficit. Even at the most conservative reckoning, the CBO only estimates a 16 billion a year increase in the deficit.
Let’s keep the pressure on our senators to pass this bill in the Senate and work towards maintaining and increasing our advantage in the House of Representatives and building our majority in the Senate so these reforms can be implemented and built upon.
Well done, TSB members, today you can take a bow! It’s a great day for the country and for the American people.