10 things you didn't know are in the Democrats' Build Back Better bill

CNN ^ | December 8, 2021 | Katie Lobosco and Tami Luhby

[lowbridge]

A sweeping $1.9 trillion spending plan, known as the Build Back Better bill, is making its way through Congress and could make a key part of President Joe Biden's economic agenda a reality.

A majority of the funding is focused on transforming the nation's social safety net by reducing the cost of child and health care, as well as combating climate change.

The Congressional Budget Office estimates that the legislation would increase the deficit by $367 billion over the next 10 years. But the White House has worked to make the case that the bill will be fully paid for when accounting for a proposal to enhance tax enforcement, which the CBO excluded.

The bill passed the House in November but faces a tough road in the Senate, where it is expected to undergo some changes. As currently written, the legislation would create universal pre-K, send families an enhanced child tax credit and provide beefed-up subsidies on the Affordable Care Act exchanges.

Here are 10 of the lesser-known provisions in the Build Back Better bill.

$900 tax credit for purchasing an e-bike

Taxpayers would be allowed to claim a tax credit for purchasing an e-bike before 2026, if the bill passes. It's one of many provisions in the spending package aimed at combating the climate crisis.

The credit would be equal to 30% of the purchase cost, up to $900. It would gradually phase out for higher-income households, starting at $75,000 of income for individuals.

The bill would also allow companies to provide tax-free commuting benefits for employees using a bike, e-bike or scooter to get to work.

$35 cap on insulin costs

[lowbridge]

I post this because it's interesting what CNN doesn't tell us what's in the bill such as a required kill switch for your car, amnesty for millions of illegal aliens, etc.

[beethovenfan]

KILL IT !!

[1Old Pro]

KILL THE BILL

[Red Badger]

$900 tax credit for purchasing an e-bike?........................

[Seruzawa]

What about the 300,000 Climate Corps troops?

[Red Badger]

$900 tax credit for purchasing an e-bike!.................

[PIF]

11. Massive inflation
12. Massive tax hikes for middle calls and lower.
13. Add your item here

[SunkenCiv]

Oh, and it also decrees that from now on, unless Republicans are in charge, every day is a nice day. That detail is all about addressing climate change.

[Bob434]

$35 cap on insulin costs

12 months of Medicaid coverage for new moms

Extra assistance for the jobless to buy health insurance

Tax credits for local news outlet

College completion grants

Public housing repairs

Salmon conservation

National parks and forests preservation

Funds for lower-income families to buy food over the summer

[Pollard]

12 months of Medicaid coverage for new moms
Extra assistance for the jobless to buy health insurance
Tax credits for local news outlets
College completion grants
Public housing repairs
Salmon conservation
National parks and forests preservation
Funds for lower-income families to buy food over the summer

[BuchananBrigadeTrumpFan]

Wtf is an e-bike? Does that mean it only exists on the internet like an e-book?

[dsrtsage]

[dangus]

a $900 credit for buying an e-bike... up to 30% of the cost? That’s a $3,000 bike?! Talk about a 1%er! But wait... its means-tested so you also have to earn $72,000. So that bike has to be 3-4% of your annual income.

[KarlInOhio]

Am I the only one tired of the whole "do a trick, get a dog biscuit" tax code? It's past time to nuke the whole thing and just pay a tax rate on your income with no personal defections, exemptions or credits. I really don't care if you're a teacher or you buy an e-bike or even donate to charity. Do what you want with your money but don't demand that I subsidize it on April 15th.

[caseinpoint]

After being called on the carpet in the Oval Office the other day, CNN toes the line.

[nascarnation]

[BuchananBrigadeTrumpFan]

The money to fight infant and maternal mortality is (as always) misplaced.

My wife works in NICU (neonatal intensive care unit) in Champaign, Illinois. She says the reason there are so many deaths is due to ingesting large quantities of drugs and alcohol, not lack of insurance coverage.

[DannyTN]

"$900 tax credit for purchasing an e-bike?........................"

I saw that and thought, I'd kind of like to have an e-bike, so thanks y'all.

but then I read the credit is 30% of the purchase price up to $900.

So a $400 e-bike and y''all would only be contributing $120.

But I could look at $3000 e-bikes so that y'all could contribute the full $900. Very generous of you.

[butlerweave]

$900 tax credit for purchasing an e-bike but then you’re stuck with an e-bike

[Sacajaweau]

Half a trillion for worthless endeavors to change the climate.

We need fossil fuels to survive. The universe will balance itself.