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Build Back Better 3.5T Bill

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Lesh

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"The Build Back Better Budget Reconciliation Bill

has an extended child tax credit to cut child poverty by nearly half.

Universal Pre-K for three- and four-year-olds.

Free school meals for an extra nine million kids.

New money to repair run-down schools.

Two free years of community college.

Twelve weeks of paid family and medical leave for the first time in American history.

New powers for Medicare to negotiate drug prices, which will bring down the costs of your prescriptions, which is a good thing, given that we often spend twice as much as people in other countries.


Expanding Medicare to cover dental, vision, and hearing aids, helping millions of seniors.

Lowering the Medicare eligibility age from 65 to 60, again, helping millions of seniors.

Expanding home care, and paying higher wages for home care workers, again, helping millions of seniors.

Closing the Medicaid gap for low-income Americans and getting healthcare to four million uninsured people.

New money for housing choice vouchers to tackle homelessness.

New Justice Department grants for non-profits that work on reducing community violence.

And, of course, action on climate change, including a clean electricity performance program that will create nearly eight million new jobs and financial incentives to buy electric vehicles, to build charging stations for them, and for homeowners to weather-fit their homes, plus new forestry programs, flood control programs.

So stop focusing on the 3.5 trillion, and focus on the popular, necessary, and good stuff that is being invested in over — yeah! — ten years."
 

marvin martian

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"The Build Back Better Budget Reconciliation Bill

has an extended child tax credit to cut child poverty by nearly half.

Universal Pre-K for three- and four-year-olds.

Free school meals for an extra nine million kids.

New money to repair run-down schools.

Two free years of community college.

Twelve weeks of paid family and medical leave for the first time in American history.

New powers for Medicare to negotiate drug prices, which will bring down the costs of your prescriptions, which is a good thing, given that we often spend twice as much as people in other countries.


Expanding Medicare to cover dental, vision, and hearing aids, helping millions of seniors.

Lowering the Medicare eligibility age from 65 to 60, again, helping millions of seniors.

Expanding home care, and paying higher wages for home care workers, again, helping millions of seniors.

Closing the Medicaid gap for low-income Americans and getting healthcare to four million uninsured people.

New money for housing choice vouchers to tackle homelessness.

New Justice Department grants for non-profits that work on reducing community violence.

And, of course, action on climate change, including a clean electricity performance program that will create nearly eight million new jobs and financial incentives to buy electric vehicles, to build charging stations for them, and for homeowners to weather-fit their homes, plus new forestry programs, flood control programs.

So stop focusing on the 3.5 trillion, and focus on the popular, necessary, and good stuff that is being invested in over — yeah! — ten years."

Every time you use the word "free" in regards to this extortive monstrosity, you make yourself look foolish.
 

CrusaderFrank

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What's in it and how is it paid for..

What's in the Build Back Better Act:​

  • Two free years of community college
The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

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.

  • Child care and universal pre-K
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.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

  • Medicare expansion
This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.


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."

  • Extended child tax credit
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.

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.

  • Cut prescription drug prices
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.

  • Paid family and medical leave
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.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

  • Climate change
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.

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.

  • Lesser-known provisions
The massive bill has a slew of lesser-known provisions as well.


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

It costs $3.5 T, their absurd projections anticipate an additional $2 T....but it costs $0?

Why are you stupid fucks even allowed to vote?
 
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Lesh

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It costs $3.5 T, their absurd projections anticipate an additional $2 T....but it costs $0?

Why are you stupid fucks even allowed to vote?
A. You're making up the extra $2T

B. It'll probably be about $2T because of Sinema. Our "Green Party Candidate" is trying to strip out funds designated for dealing with Climate Change

C. Most if not all of it is paid for in revenues generated by the bill's taxes on the wealthy and by costs savings from negotiating drug prices and various other means
 

badbob85037

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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%.
Then since it's a drop in the bucket you should pay it.
 
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Lesh

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Then since it's a drop in the bucket you should pay it.
You make it sound as if we pay down the debt. Do you realize that we don't? That we don't need to because all we EVER pay is the interest n the debt?

Imagine your mortgage payment if all you had to pay was an interest payment below 2%. That's what the debt costs us.
 

Toddsterpatriot

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You make it sound as if we pay down the debt. Do you realize that we don't? That we don't need to because all we EVER pay is the interest n the debt?

Do we ever have to roll over any debt?
 

22lcidw

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"The Build Back Better Budget Reconciliation Bill

has an extended child tax credit to cut child poverty by nearly half.

Universal Pre-K for three- and four-year-olds.

Free school meals for an extra nine million kids.

New money to repair run-down schools.

Two free years of community college.

Twelve weeks of paid family and medical leave for the first time in American history.

New powers for Medicare to negotiate drug prices, which will bring down the costs of your prescriptions, which is a good thing, given that we often spend twice as much as people in other countries.


Expanding Medicare to cover dental, vision, and hearing aids, helping millions of seniors.

Lowering the Medicare eligibility age from 65 to 60, again, helping millions of seniors.

Expanding home care, and paying higher wages for home care workers, again, helping millions of seniors.

Closing the Medicaid gap for low-income Americans and getting healthcare to four million uninsured people.

New money for housing choice vouchers to tackle homelessness.

New Justice Department grants for non-profits that work on reducing community violence.

And, of course, action on climate change, including a clean electricity performance program that will create nearly eight million new jobs and financial incentives to buy electric vehicles, to build charging stations for them, and for homeowners to weather-fit their homes, plus new forestry programs, flood control programs.

So stop focusing on the 3.5 trillion, and focus on the popular, necessary, and good stuff that is being invested in over — yeah! — ten years."
All of this was guaranteed to not be needed when the war on poverty started in the 1960's. Can you explain why this is needed? It is mind boggling. Tens of trillions of dollars spend and if it stops it won't be nice. You know. The owners of the Federal Reserve guaranteed in 1913 there will never be a recession or depression again when the politicians of the time sold us all out. Its just who is in front of the curve in all this. More and more fall behind and the government pays more and more to keep their heads above water. But it increases more and more. And in the end it does not end well.
 

JWBooth

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This turd needs to sink to the bottom of the tank.
 

bripat9643

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What's in it and how is it paid for..

What's in the Build Back Better Act:​

  • Two free years of community college
The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

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.

  • Child care and universal pre-K
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.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

  • Medicare expansion
This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.


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."

  • Extended child tax credit
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.

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.

  • Cut prescription drug prices
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.

  • Paid family and medical leave
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.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

  • Climate change
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.

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.

  • Lesser-known provisions
The massive bill has a slew of lesser-known provisions as well.


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

It's the biggest swindle ever foisted on the citizens.
 

bripat9643

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The sky never fell Chicken Little. It was just rain
Yes, the sky did fall. The Government just took another $1.2 trillion of our wages.
 

Biff_Poindexter

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This bill is pretty bad because it has stuff in it that helps too many people I hate.....

But you have to look on the bright side...the wall was built...those 2 trillion dollar taxcuts pretty much eliminated poverty.....and also, we have stopped white genocide...

And Biden and the Dems are not strong enough to change that
 

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