Biden Likes Aliteration

Biden’s ‘Build Back Better’ Plan (that’s a lot of B’s)

Joe Biden rolled out the third phase of his ‘Build Back Better’ plan on Tuesday.

The $775 billion over 10 year budget aims to create 3 million new caregiving and/or education jobs. Two big pieces of the plan are childcare and access to elder care for older Americans.

The highlights in Biden’s ‘BBB’ plan:

 

  • Increased Medicaid funding
  • Eliminate waitlist for home and community care services available under Medicaid
  • Allocate $450 billion to more people the option to receive home care
  • New child care construction tax credit to encourage businesses to build child care faciitlities
  • Low and middle-class families would receive a tax credit to offset childcare costs (up to $8,000)

The first two phases of Biden’s plan included a pathway to reopen school safely and a roadmap for protecting the coronavirus supply chain.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top