Last updated on December 31, 2021
Biden released a new policy known as the ¨Build Back Better Framework¨ (BBB), promising to rebuild the backbone of America by investing $1.75 trillion into projects for the country. “The Build Back Better framework will set the U.S. on course to meet our climate targets, create millions of good-paying jobs and grow our economy from the bottom up,” Biden said on October 28.
The BBB policy will offer universal and free preschool for all 3 and 4-year-olds, the most prodigious augmentation of universal and free education since states across the country developed public high schools nearly a century ago. The policy will offer affordable, high-quality care for elderly Americans and people with disabilities while offering support to the workers who enable this care. Further, the policy provides 39 million households up to $3,600 (or $300 per month) in tax cuts per child by expanding the American Rescue Plan’s extended Child Tax Credit.
As for addressing climate change, the policy promotes environmental justice through a new clean energy and sustainability accelerator that will financially cover projects around the country while delivering 40% of the benefits of the investment to marginalized communities as part of the President’s Justice40 initiative. Biden´s aim for protecting our climate goes as far as investing in coastal restoration, forest management, and soil conservation.
Furthermore, as for ensuring health care for America, the policy will reinforce the Affordable Care Act and reduce premiums for 9 Million Americans, and it will reduce the Medicaid Coverage Gap, ensuring that 4 million uninsured people have an opportunity to receive healthcare.
Lastly, funds from the savings of repealing the Trump Administration’s rebate rule will pay for the projects of the BBB policy as well as contributions from the very largest corporations and the wealthiest Americans. The next Senate session to go over details of the BBB policy will be held on January 3, 2022.