168 What Is The Build Back Better Plan? Paul Lawrence Vann Explains It

When it comes to initiatives from the United States Presidential  Administration things can become contentious. President Biden's signature initiative is the Build Back Better Plan, one in which he promised to the American people to help the middle class.Host Paul Lawrence Vann was competitively selected and was a Capitol Hill Fellow for a member of Congress, he was assigned to the U.S. House of Representatives. That's not all, Paul was enrolled in the legislative studies with the Georgetown University, Government Affairs Institute, he knows how Congress works because he worked on Capitol Hill for a year.What is the Build Back Better Plan?This framework will set the United States on course to meet its climate goals, create millions of good-paying jobs, enable more Americans to join and remain in the labor force, and grow the U.S. economy from the bottom up and the middle out.The Build Back Better Plan makes an investment in children and caregiving, this transformative plan offers universal and free preschool for all 3-4-year-olds, it represents the largest expansion of universal and free education in over 100 years. This plan makes the largest investment in child care in U.S. history, saving American families more than half of their spending on childcare.The Build Back Better plan provides the largest effort to combat climate change. This plan delivers substantial consumer rebates and tax credits to reduce costs for middle-class families shifting to clean energy and electrification.The Biden Administration's Build Back Better Plan also will provide the biggest expansion of affordable health care in a decade, it reduces prescription drug costs. The Plan also strengthens the Affordable Care Act and reduces premiums for nine million Americans.The Build Back Better Plan's most significant effort is to bring down costs and strengthen the middle class. It will make the single largest and most comprehensive investment in affordable housing in history and extend the expanded earned income tax credit for around 17 million low-income wage workers.The Build Back Better Plan is fully paid for: Combined with savings from repealing the Trump Administration’s rebate rule, the plan is fully paid for by asking more from the very largest corporations and the wealthiest Americans. The 2017 tax cut delivered a windfall to them, and this would help reverse that—and invest in the country’s future. No one making under $400,000 will pay a penny more in taxes.In the end, there is a likelihood the Build Back Better Plan will be brought to the floor of the Senate for a vote in January. I believe President Biden's signature initiative will be passed and it will help the American people and our economy as a whole. Keep your eye out for this in early 2022 and call your member of Congress to get them to support the Build Back Better Plan.Tune in and listen to up to 168 episodes of Wealth Academy Podcast at https://bit.ly/3n84XSF