Budget | Program | Goals |
$555 Billion | Clean Energy and Climate Investments | The White House says that this program “will cut greenhouse gas pollution by well over one gigaton in 2030,” as well as reduce consumer energy costs, provide cleaner air and water, and create “thousands of high-quality jobs.” |
$400 Billion | Child Care and Preschool | Will allow states to expand access to free preschool for over six million 3- and 4-year-old children annually. The White House says preschool in the United States costs roughly $8,600 annually. This program will also help expand access to affordable child care for roughly 20 million children per year (which covers nine out of 10 families with young children nationwide). And saves parents earning $100,000 with one toddler more than $5,000 per year. The bill also “permanently authorizes the first-ever national paid and medical leave guarantee for U.S. workers.” |
$200 Billion | Child Tax & Earned Income Tax Credits | The Build Back Better framework will extend the the American Rescue Plan’s expanded Child Tax Credit for one additional year, offering 35 million families up to $3,600 ($300 monthly) in tax cuts for every qualifying child. This program will also “cut taxes for 17 million low-wage workers by extending the expanded Earned Income Tax Credit.” |
$150 Billion | Home Care | The White House says there are currently more than 800,000 older Americans, people with disabilities, and others seeking home care services on state Medicaid waiting lists. And this program could deliver affordable care to families paying roughly $5,800 annually for four hours of home care per week. |
$150 Billion | Housing | Build, rehabilitate and improve more than one million affordable homes. The White House says this program is the “single largest and most comprehensive investment in affordable housing in history.” |
$130 Billion | Affordable Care Act Health Insurance | Aims to reduce premiums for nine million Americans. Will extend the expanded Premium Tax Credit and deliver health care coverage to four million uninsured people who are locked out of Medicaid. You should note that the new bill also caps “annual out-of-pocket prescription drug costs under Medicare at $2,000,” which saves more than one million seniors $1,200 each year. The expansion of the Affordable Care Act will also require “all insurance companies to provide insulin for no more than $35 a month.” |
$100 Billion | Immigration | Improve the immigration system by providing relief to millions through reconciliation, reducing backlogs, expanding legal representation, and making the asylum system and border processing more “efficient and humane.” |
$90 Billion | Equity and Other Investments | Advance equity by investing in maternal health, community violence interventions, and nutrition programs. The new House bill invests $10 billion to expand eligibility for free school meals during the school year and provide $65 for every child monthly to buy food in the summer. |
$40 Billion | Higher Education and Workforce | This program will aim to expand access to affordable, high-quality education beyond high school. Legislation would raise the maximum Pell Grant by $550 for over 5 million students. |
$35 Billion | Medicare Hearing | Expand Medicare for older Americans to cover hearing aids and exams. The White House says that only 14% out of roughly 48 million Americans with hearing loss could afford hearing aids – a pair costs more than $5,000 on average. |