WASHINGTON, DC – Today, Congressman Eric Swalwell (CA-15) cast his vote to help pass the transformational Build Back Better Act. This historic package will make essential investments in family care, health care, housing, and combatting the climate crisis.
“Today, Democrats lived up to their promise to deliver real relief for all Americans,” said Swalwell. “The Build Back Better Act will lower families’ everyday costs, help get people back to work, and grow the economy.”
Specifically, the bill will help Californians with:
- Affordable child care: The Build Back Better Act provides access to child care for over 2.2 million young children (ages 0-5) per year from families earning under 2.5 times the California median income, and ensures families pay no more than 7% of their income on high-quality child care. The plan will subsidize the cost for 90% of children in the state.
- Universal, quality, free preschool for every 3 – and 4- year- old: Enables California to expand access to free, high-quality preschool to more than 781,000 additional 3- and 4-year-olds per year and increase the quality of preschool for children who are already enrolled.
- Largest investment in climate change ever: Invests in our clean energy economy, across buildings, transportation, industry, electricity, agriculture, and land conservation. The bill also funds wildfire management and drought resilience and provides clean energy and electric vehicle tax credits.
- Affordable higher education: Increases the Pell Grant award by $550 and expands eligibility. It also provides a new retention and completion grant to increase graduation rates.
- Lower housing costs: Provides first-time, first-generation homebuyers with help on down-payment costs, closing costs, and mortgages. It also funds rental assistance and increases the supply of high-quality housing through the construction and rehabilitation of tens of thousands of homes.
- Expansion of health care: Extends the American Rescue Plan’s health insurance premiums to provide coverage to 419,000 uninsured Californians, closes the Medicaid coverage gap, expands Medicare to cover hearing care – such as hearing aids, and ensures Americans with diabetes don’t pay more than $35 per month for their insulin.
- Tax cuts for families and workers: Extends the Child Tax Credit increase of $300 per month per child under 6 or $250 per month per child ages 6 to 17 and provides a tax cut of up to $1,500 for 2 million low-wage workers in California by extending the Earned Income Tax Credit expansion.
The plan is prudently paid for by ensuring the wealthiest Americans and most profitable corporations pay their fair share of taxes. Americans making less than $400,000 a year will not see their taxes go up by a penny. Additionally, it is projected that the Build Back Better Act will ease longer term inflationary pressures and stimulate the economy, further offsetting the cost.
The bill was passed by a vote of 220 – 213. It will now go to the Senate for a vote.
Go to Source