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Building Back Better: Inside Biden’s Ambitious Plan for America

President Bidens $1.85 trillion framework for the Build Back Better Act has recently been announced. The plan includes a range of initiatives that encompass childcare, pre-school, home care, clean energy, climate investments, ACA credits, Medicare hearing, housing, higher education and workforce, equity, and immigration.

The announcement has generated a lot of buzz, with former President Barack Obama also expressing his praise of the framework.

One of the key highlights of the framework is its focus on childcare and pre-school.

The proposal allocates $400 billion towards these initiatives, which could significantly benefit working parents. Additionally, the plan includes $150 billion for home care, which can help provide support to seniors and people with disabilities.

Another noteworthy feature of the proposed framework is its emphasis on clean energy and climate investments, with $555 billion being earmarked for this purpose. This aspect of the plan is aligned with President Bidens commitment to making the US a leader in combating climate change.

In addition, the plan includes provisions for ACA credits, Medicare hearing, housing, higher education, workplace equity, and immigration. These initiatives aim to address the needs of individuals who have struggled with issues such as healthcare, housing, student loans, and immigration.

However, paid family leave is one area where the plan falls short. Despite being a crucial issue for working families, it is not included in the framework.

To offset the proposed $1.85 trillion in expenditures, the plan includes measures to raise $1.995 trillion. Some of the funding sources include a corporate minimum tax, stock buybacks tax, corporate international reform, adjusted gross income (AGI) surcharge, closing Medicare tax loophole, limiting business losses for the wealthy, IRS investments to close the tax gap, and repealing the rebate rule for prescription drugs.

Overall, the proposed Build Back Better Act framework has generated mixed reactions, with some praising the proposed initiatives while others remain skeptical of the funding sources and long-term sustainability of the plan.

As the negotiations between the Democratic party continue, it remains to be seen how the final version of the plan will look like.

Nonetheless, the proposed framework presents a significant step towards addressing some of the most pressing issues facing the country and represents a significant investment in the future of the US people. The proposed “Build Back Better” Act framework has been praised by Secretary of the Treasury Janet Yellen, who sees the proposals as an opportunity for investment and economic growth across the country.

Yellen has noted that the framework represents a new period of investment in economic growth for all Americans, which is an important signal from her as she is the top economic advisor to President Biden. However, the lack of paid family leave is a notable gap in the proposed framework.

Democrats view paid family leave as an essential component of Biden’s legislative agenda, particularly for working families. Yellen himself has expressed her support for paid family leave, noting that it is a policy that has been shown to have positive economic and social impacts.

The plan raises taxes on the wealthiest Americans and most profitable corporations, which has led to some opposition. However, it is important to note that the proposed tax increases do not impact small businesses or anyone making less than $400,000 per year.

The aim of this tax increase is to ensure that those who have benefited the most from the economy contribute their fair share towards making sure that all Americans – regardless of their economic status – can access much-needed resources. Moreover, it is worth noting that the proposed investments outlined in the “Build Back Better” Act framework are significant and represent a significant step towards addressing the country’s most pressing issues.

Investments in initiatives such as childcare, pre-school, home care, clean energy, climate investments, ACA credits, Medicare hearing, housing, higher education and workforce, equity, and immigration address real needs within communities across the country. It is therefore expected that the plan will generate significant economic growth and contribute to deficit reduction.

Overall, the “Build Back Better” Act framework represents an important opportunity for investment and economic growth across the country. While the lack of paid family leave is a notable gap, the framework represents significant progress towards addressing issues such as healthcare, housing, climate change, childcare, and immigration.

It is now up to the Democratic party to come to an agreement on the final version of the plan that can be passed into law and bring meaningful change to the American people. Former President Barack Obama has praised the recent announcement of President Biden’s “Build Back Better” Act framework.

In his statement, Obama noted that the framework represents a giant leap forward and the best chance to build on the progress made during his administration and address urgent challenges of our time. The negotiations between the Democratic party over the “Build Back Better” Act framework have been challenging, with some Democrats facing pressure from progressives to include provisions like paid family leave.

While the lack of paid family leave is certainly a disappointment, the overall framework is an ambitious and comprehensive effort to address some of the country’s most pressing issues. One of the key features of the framework is its significant investment in childcare and pre-school, which could greatly benefit working parents.

The plan also includes provisions for home care, clean energy and climate investments, ACA credits, Medicare hearing, housing, higher education and workforce, equity, and immigration – all important areas that need reform. To fund these initiatives, the “Build Back Better” Act framework includes several measures to raise $1.995 trillion, including a corporate minimum tax, stock buybacks tax, corporate international reform, adjusted gross income (AGI) surcharge, closing Medicare tax loophole, limiting business losses for the wealthy, IRS investments to close the tax gap, and repealing the rebate rule for prescription drugs.

While these tax increases have some opponents, they are seen as necessary to ensure that those who have benefited the most from the economy contribute their fair share towards making sure that all Americans can access much-needed resources. Janet Yellen, Secretary of the Treasury, has also praised the proposed framework, noting that the proposals represent a new period of investment in economic growth for all Americans across the country.

Yellen’s endorsement of the proposed framework is significant as she is the top economic advisor to President Biden, and her support signals to other policymakers and the public that the plan can be beneficial. Despite the proposed tax increases, the “Build Back Better” Act framework has the potential to generate significant economic growth and contribute to deficit reduction.

While deficits are a concern, the investment in areas such as clean energy and healthcare can have positive long-term economic benefits and make the country more competitive in the global marketplace. In conclusion, the recent announcement of President Biden’s “Build Back Better” Act framework represents an ambitious and comprehensive effort to address some of the country’s most pressing issues.

While the lack of paid family leave is a disappointment, the proposed initiatives are a welcome step towards addressing areas such as childcare, pre-school, home care, clean energy, climate investments, ACA credits, Medicare hearing, housing, higher education and workforce, equity, and immigration. The funding sources proposed in the framework may be controversial, but they allow the government to generate revenue from those who have benefited the most and help fund important programs and initiatives.

If passed, the “Build Back Better” Act has the potential to create much-needed progress and address the urgent challenges facing the country. The “Build Back Better” Act framework proposed by President Biden represents a significant investment in the future of the American people.

The plan includes initiatives to address issues such as childcare, pre-school, home care, clean energy, climate investments, ACA credits, Medicare hearing, housing, higher education, workforce equity, and immigration. While the lack of paid family leave is an issue, the framework shows significant progress towards addressing some of the country’s most pressing issues.

The funding sources proposed in the framework aim to generate revenue from those who have benefited the most and help fund important programs and initiatives. If passed, the “Build Back Better” Act has the potential to create much-needed progress and address the urgent challenges facing the country and its people.

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