Speaker of the House Nancy Pelosi (D-CA) speaks during the House's vote to pass the Build Back Better Act, in the U.S. Capitol in Washington, November 19, 2021. (Getty/Jim Watson/AFP)
STATEMENT: House Passage of Build Back Better Act Is Historic Action To Tackle the Climate Crisis, CAP’s John Podesta Says
Washington, D.C. – Following the U.S. House of Representatives’ vote to pass the Build Back Better Act, John Podesta, founder of the Center for American Progress and chair of the board of directors, issued the following statement:
Build Back Better by Advancing Better Health, Equity, Family Well-Being, and Economic Recovery
By addressing key priorities, the budget reconciliation process can advance health and economic recovery and deliver benefits to the individuals, neighborhoods, and communities that need them the most.
President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting.
A Corporate Minimum Tax Would Ensure Large Corporations Begin To Pay Their Fair Share
The Build Back Better Act’s corporate profits minimum tax would make important progress toward fixing a broken tax code and ensuring that the largest and most profitable corporations pay their fair share.
The Senate Must Act Now and Pass the Build Back Better Act Before the Expanded Child Tax Credit Expires
If the Senate fails to pass the Build Back Better Act by the end of the year, the expanded Child Tax Credit will expire and millions of families will be pushed back into poverty.
The Build Back Better Act Substantially Expands Child Care Assistance
The Build Back Better Act ensures child care assistance for 16 times as many young children as under current law, and in some states, it would help state child care agencies reach more than 25 times as many children and their families.
Build Back Rural: New Investments in Rural Capacity, People, and Innovation
A net-zero and equitable economy requires the participation and leadership of rural communities, enabled by foundational rural investments in the Build Back Better Act.
Congress Must Pass the Build Back Better Act To Combat Climate Change
The Build Back Better Act includes transformational climate investments that will position the United States to achieve an equitable and just 100 percent clean energy economy.
The Build Back Better Act’s Investments in the IRS Will Substantially Reduce the Tax Gap
Treasury economists’ estimate that modernizing the IRS will net $400 billion in new revenue will not be reflected in official Congressional Budget Office scores of the bill, but the savings are real and could be even greater.
