![]() ![]() On July 14, the Senate Energy and Natural Resources Committee advanced an energy bill expected to be included in the bipartisan package. White House officials stated on July 7 that legislative text was nearing completion. Biden stipulated that a separate "human infrastructure" bill (such as child care, home care, and climate change) must also pass, whether through bipartisanship or reconciliation, but later walked back this position. On June 24, a bipartisan group met with the president and reached a $1.2 trillion bipartisan deal focusing on physical infrastructure (such as roads, bridges, railways, water, sewage, broadband, and electric vehicles). In late June, Manchin said he was open to adjusting the 2017 tax bill and stated his support for a $2 trillion reconciliation bill. Democrats were reportedly considering such a bill around $6 trillion. On June 16, Senate Majority Leader Charles Schumer met with the Democratic members of the Senate Budget Committee to discuss the option of passing a budget resolution using reconciliation. On June 3, Senator Manchin advocated against using reconciliation, though other Democrats supported it. A majority in the Senate Budget Committee would be needed to change this. On May 28, Senate Parliamentarian Elizabeth MacDonough indicated that the current rules dictate that the reconciliation process should not be used more than once during a fiscal year. Previously, on March 31, 21 Senate Democrats sent Biden a letter in favor of further stimulus payments and UI, and in April, the Economic Security Project reported that two additional direct payments could keep 12 million Americans out of poverty. ![]() The letter cited Biden's promise to include the former adjusted to "economic conditions", but further that the latter also "served as to families and workers that have had their lives upended by the pandemic". On May 17, seven Democrats on the House Ways and Means Committee signed a letter to the president asking him to prioritize enhanced unemployment insurance (UI) and direct payments (in the style of those included in response to COVID-19 and the related recession) in the AFP. On June 5, finance ministers from Group of Seven announced that they would support a global 15% corporate tax minimum. On June 3, White House press secretary Jen Psaki announced a tweaked AJP proposal that would not increase taxes on corporations, in exchange for closing loopholes and requiring them to pay at least 15%. ![]() On May 28, Biden released details of a $6 trillion budget proposal for the fiscal year of 2022, which would raise taxes on corporations and millionaires to pay for both the AJP and the American Families Plan (AFP) over 15 years. On May 25, Republican senators Pat Toomey and Roger Wicker indicated a lack of support within their caucus to change aspects of the 2017 tax act, and suggested repurposing unspent COVID-19 relief funds. Background įurther information: Build Back Better Planīefore the bill was spun off from the American Jobs Plan (AJP), on April 5, 2021, Senator Joe Manchin proposed raising the corporate tax rate from 21% to 25%, instead of the 28% Biden originally called for. Continued negotiations between Manchin and Senate Majority Leader Chuck Schumer eventually resulted in the Inflation Reduction Act of 2022, which incorporated some of the Build Back Better Act's climate change, healthcare, and tax reform proposals while excluding its social safety net proposals. After renegotiating the reduction of the Build Back Better Act's size, scope, and cost with Biden and Democratic congressional leaders, Manchin ultimately rejected the bill over the procedural tactics used. The bill was passed 220–213 by the House of Representatives on November 19, 2021.ĭuring negotiations, Senator Joe Manchin publicly pulled his support from the bill for not matching his envisioned cost of about $1.75 trillion due to provisions that lasted for less than ten years. ![]() Following negotiations, the price was lowered to approximately $2.2 trillion. It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that included provisions related to climate change and social policy. The Build Back Better Act was a bill introduced in the 117th Congress to fulfill aspects of President Joe Biden's Build Back Better Plan. Committee consideration by House Budget Committee.Introduced in the House of Representatives as H.R. 5376 by John Yarmuth ( D– KY) on September 27, 2021. ![]()
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