Chairman Neal Announces Additional Day of Markup of the Build Back Better Act
SPRINGFIELD, MA—Today, House Ways and Means Committee Chairman Richard E. Neal (D-MA) announced that the Committee will continue consideration of legislative proposals under the budget reconciliation instructions on Tuesday, September 14, 2021 at 9:00 a.m. ET. The Committee will mark up measures to combat the climate crisis, create jobs, encourage economic and affordable housing development, extend tax cuts for workers and families, lower health care costs, and reinstate key tools to help states and localities finance investments.
“On Tuesday, we will continue our work on the Build Back Better Act with the consideration of investments to provide critical support to families, spur the development of clean energy, reinstate Build America Bonds, and improve Americans’ ability to afford health care,” said Chairman Neal. “Our proposals allow us to both address our perilously changing climate and create new, good jobs, all while strengthening the economy and reinvigorating local communities. We seek to help families better afford essentials with the continuation of the expanded Child Tax Credit and investments that will lower the cost of prescriptions and health insurance premiums. Taken together, these proposals expand opportunity for the American people and support our efforts to build a healthier, more prosperous future for the country.”
The markup on Tuesday will include investments that will:
- Support clean energy investment and deployment, and the creation of good, well-paying jobs;
- Extend the extremely impactful American Rescue Plan expansion of the Child Tax Credit, and makes permanent the American Rescue Plan expansions of the Earned Income Tax Credit and the child and dependent care tax credit;
- Reinstate Build America Bonds and advanced refunding bonds to provide financing to state and local governments and spur investment in the private sector;
- Expand proven tax credit programs that encourage economic and affordable housing investments in our communities that are most in need;
- Lower prescription costs for Americans by allowing the HHS Secretary to negotiate for lower drug prices;
- Provide immediate coverage for Americans in the Medicaid coverage gap;
- Extend the American Rescue Plan’s expanded premium tax credits to help lower health insurance costs.
Section-by-Section of the Committee Print for Subtitles F, G, H, and J can be found HERE.
- Committee Print Consisting of Subtitles F, G, H, and J: Budget Reconciliation Legislative Recommendations Relating to Infrastructure Financing, Green Energy, Social Safety Net, and Prescription Drugs