‘TIS THE SEASON TO BUILD BACK BETTER
This holiday season, Congress has an opportunity to give families across the country a historic gift.
The Build Back Better Act will cut costs, create jobs, and lower taxes. The investments will have real impact — from cheaper prescription drugs to reduced utility bills to affordable child and home care,. Forget gift cards and fuzzy socks, what the American people want is the Build Back Better Act.
Looking for gift ideas for your constituents, Congress? Today’s suggestion:
THE GIFT THAT KEEPS ON GIVING
Counting down to the holidays with one element of Build Back Better each day — in case Congress needs gift ideas.
GET THE FACTS
- The Build Back Better Act’s investments in clean electricity, electrification, and energy efficiency will cut costs for middle-and-low-income Americans, helping the average household save $500 annually.
- The Build Back Better Act’s investments would generate an additional 30,000 megawatts of renewable energy capacity, providing $2.3 billion in energy cost savings for the lower 80 percent of income brackets.
- Under Build Back Better, 9 out of 10 families with children under age 6 could be eligible for guaranteed child care assistance. A typical family’s child care costs could be lowered by up to $6,000 in most states.
- Families will pay no more than 7% of their income on child care, regardless of the number of children they have — and many families will pay much less or nothing at all.
- The Build Back Better Act will allow Medicare to negotiate lower drug prices, reduce out-of-pocket co-pays, and establish out-of-pocket maximums — such as a $35 out-of-pocket maximum for insulin.
- A two-parent family of four could save up to $7,400 per year with between the Child Tax Credit, child care cost caps, health care premium caps, and closing the Medicaid coverage gap. A single mother with two kids would get a tax cut and save up to $15,000.
- A typical family’s child care costs could be lowered by $5-$6,000 in most states. No eligible families will pay more than 7% of their income, regardless of the number of children they have — and many families will pay much less or even nothing at all.
- With passage of Build Back Better, 9 out of 10 families with kids under 6 could be eligible for guaranteed child care help.