- Moderator
- #21
You tell me.
Navigation
Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
More options
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Build Back Better 3.5T Bill
- Thread starter Lesh
- Start date
tshrimp
Diamond Member
Will I get reimbursed for struggling to send 2 kids through college, or do I just get to pay for yet another lazy arse who wants someone else to pay for their stuff?What's in it and how is it paid for..
What's in the Build Back Better Act:
The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.
- Two free years of community college
The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.
Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.
- Child care and universal pre-K
The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.
This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.
- Medicare expansion
Manchin believes the program's solvency should be addressed before it is expanded.
"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."
Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.
- Extended child tax credit
Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.
The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.
While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.
"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"
The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.
Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.
- Cut prescription drug prices
For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.
- Paid family and medical leave
The White House has previously estimated the plan would cost $225 billion over the next 10 years.
Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.
- Climate change
One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.
There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.
The massive bill has a slew of lesser-known provisions as well.
- Lesser-known provisions
For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.
The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.
How they plan to pay for it
Democrats have also included a tax plan to pay for the provisions in the bill.
The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.
Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.
The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.
There are also huge savings in drug pricing for Medicare through negotiations as well as lower ACA premium savings
- Mar 3, 2013
- 81,694
- 42,912
- 2,605
"Two free years of community college"What's in it and how is it paid for..
What's in the Build Back Better Act:
The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.
- Two free years of community college
The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.
Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.
- Child care and universal pre-K
The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.
This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.
- Medicare expansion
Manchin believes the program's solvency should be addressed before it is expanded.
"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."
Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.
- Extended child tax credit
Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.
The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.
While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.
"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"
The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.
Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.
- Cut prescription drug prices
For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.
- Paid family and medical leave
The White House has previously estimated the plan would cost $225 billion over the next 10 years.
Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.
- Climate change
One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.
There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.
The massive bill has a slew of lesser-known provisions as well.
- Lesser-known provisions
For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.
The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.
How they plan to pay for it
Democrats have also included a tax plan to pay for the provisions in the bill.
The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.
Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.
The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.
There are also huge savings in drug pricing for Medicare through negotiations as well as lower ACA premium savings
Free?
tshrimp
Diamond Member
Don't care if it is .00000005%. It is too much stinking money, and for things we should not be paying for.Also/too, it's only 1.2% of our GDP over 10 years.
This is what republicans are getting their panties in a twist over...1.2%.
Edit: Some more details.
Who is Paying for the $3.5 Trillion Reconciliation Bill? - FreedomWorks
Who is Paying for the Budget Bill? The Big Picture The Democrats’ $3.5 trillion socialist spending spree is full of far-left priorities such as “free” community college, universal pre-K, and “environmental justice” initiatives. While free college and Medicare expansion sound generous, they come...
www.freedomworks.org
The Details
- The Democrats’ disastrous reconciliation package will raise the corporate tax rate from 21 percent to 28 percent.
- This substantially higher rate incentivizes businesses to move overseas for lower tax rates and causes job loss in the United States. On top of the higher corporate tax rate, a 15 percent minimum tax on worldwide pre-tax income would be imposed on companies with more than $200 billion.
- These higher tax rates will result in lower wages for employees and burden shareholders with much higher taxes, ultimately slowing investment, innovation, and growth.
- American companies have been moving overseas to lower their tax burden, and this would just give them even more incentive--ultimately taking away jobs and slowing our economy.
Last edited:
tshrimp
Diamond Member
"Two free years of community college"
Free?
That term "free" drives me nuts, and should always be referred to as "tax payer funded".
In all, the plan allocates roughly $450 billion to lower the cost of child care
Like allocating federal funds lowered the cost of college? LOL!
- Aug 12, 2009
- 39,378
- 18,691
- 1,590
Biden's Build Back Better plan.
marvin martian
Diamond Member
What's in it and how is it paid for..
What's in the Build Back Better Act:
The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.
- Two free years of community college
The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.
Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.
- Child care and universal pre-K
The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.
This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.
- Medicare expansion
Manchin believes the program's solvency should be addressed before it is expanded.
"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."
Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.
- Extended child tax credit
Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.
The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.
While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.
"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"
The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.
Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.
- Cut prescription drug prices
For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.
- Paid family and medical leave
The White House has previously estimated the plan would cost $225 billion over the next 10 years.
Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.
- Climate change
One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.
There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.
The massive bill has a slew of lesser-known provisions as well.
- Lesser-known provisions
For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.
The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.
How they plan to pay for it
Democrats have also included a tax plan to pay for the provisions in the bill.
The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.
Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.
The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.
There are also huge savings in drug pricing for Medicare through negotiations as well as lower ACA premium savings
Only a leftist makes a post about a 3.5 TRILLION dollar spending bill, then refers to the fist item on the list as "free". You people are so fucking dumb.
ColonelAngus
Diamond Member
- Feb 25, 2015
- 51,983
- 51,856
- 3,615
Will I get reimbursed for struggling to send 2 kids through college, or do I just get to pay for yet another lazy arse who wants someone else to pay for their stuff?
YOu don't get any of that money back....but people who drove a Corvette and got FEDERAL loans up the WAZOO...those loans should be forgiven.
LIBERAL PRETZEL LOGIC.
Punish the responsible
Reward the irresponsible
- Aug 12, 2009
- 39,378
- 18,691
- 1,590
It doesn't.You tell me.
- Aug 12, 2009
- 39,378
- 18,691
- 1,590
You're in the minority.Don't care if it is .00000005%. It is too much stinking money, and for things we should not be paying for.
Edit: Some more details.
Who is Paying for the $3.5 Trillion Reconciliation Bill? - FreedomWorks
Who is Paying for the Budget Bill? The Big Picture The Democrats’ $3.5 trillion socialist spending spree is full of far-left priorities such as “free” community college, universal pre-K, and “environmental justice” initiatives. While free college and Medicare expansion sound generous, they come...
What is your question about it? Dont Taz Me Bro told you the issue with it and I posted charts illustrating that the middle class and wealthy already pay more than their "fair share".Biden's Build Back Better plan.
tshrimp
Diamond Member
As usual the plan name does not describe the contents of the plan.Biden's Build Back Better plan.
- Aug 12, 2009
- 39,378
- 18,691
- 1,590
I, as the rest of sensible America, the majority BTW, have no questions about it. We're fully backing Biden on this.What is your question about it? Dont Taz Me Bro told you the issue with it and I posted charts illustrating that the middle class and wealthy already pay more than their "fair share".
Last edited:
If that is the case then the bill will pass, no problem, correct? You still don't understand what Bro meant though. Shows you're stupid. If you ask me nicely, I will explain it to you.I, as the rest of sensible America, the majority BTW, have no questions about it. We're backing Biden on this.
tshrimp
Diamond Member
Only if you are a tax and spend democrat. Republicans and Independents do not support it.You're in the minority.
tshrimp
Diamond Member
If this is "sensible", I am going to go out on a limb and say you have hefty credit card debtI, as the rest of sensible America, the majority BTW, have no questions about it. We're backing Biden on this.
. Or maybe you had someone else pay for it.
- Aug 12, 2009
- 39,378
- 18,691
- 1,590
To compare a government to an individual, is the definition of idiocy.If this is "sensible", I am going to go out on a limb and say you have hefty credit card debt
- Aug 12, 2009
- 39,378
- 18,691
- 1,590
You are wrong. Seems to be your MO.Only if you are a tax and spend democrat. Republicans and Independents do not support it.
So you admit you have no idea what he meant and that is precisely what is the main issue with this Bill. Durrrr.....Kiss my big toe.
Similar threads
- Replies
- 153
- Views
- 2K
- Replies
- 128
- Views
- 1K
- Replies
- 69
- Views
- 625
- Replies
- 49
- Views
- 499
Latest Discussions
- Replies
- 573
- Views
- 5K
- Replies
- 226
- Views
- 1K
- Replies
- 141
- Views
- 639
Forum List
-
-
-
-
-
Political Satire 8040
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ObamaCare 781
-
-
-
-
-
-
-
-
-
-
-
Member Usernotes 469
-
-
-
-
-
-
-
-
-
-