PRESS RELEASE: FACTSHEET: WHAT MAKES THE BUILD BACK BETTER FRAMEWORK SO HISTORIC
FOR IMMEDIATE RELEASE
October 29, 2021
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716
FACTSHEET: WHAT MAKES THE BUILD BACK BETTER FRAMEWORK SO HISTORIC
The Framework Includes Transformative Investments in Child Care, Climate, Education, and More
WASHINGTON, D.C. — Today, the White House released a framework for the Build Back Better plan, which includes historic investments in child care, universal pre-K, clean energy initiatives, housing, and more. The proposal, which Senator Bernie Sanders called “the most consequential” proposal since the 1960s, will create millions of jobs, lower costs, and cut taxes for middle-class Americans.
Here’s why the Build Back Better framework is so historic:
The framework will make the largest investment in addressing climate change in world history; it is five times larger than the second-largest U.S. investment in climate initiatives.
The framework represents the largest investment in child care in United States history, and will save most working families more than 50 percent of their expenses on soaring child care costs and allowing parents to return to the workforce.
The framework includes the largest expansion of universal and free education since public high school was established across the country 100 years ago, ensuring that all children ages 3 and 4 have access to pre-K and that their parents can return to the workforce, boosting the economy.
The BBB framework will extend the child tax credit, continuing the largest one-year reduction in child poverty in history.
When enacted into law, the BBB framework will make the largest and most comprehensive investment in affordable housing in United States history, making substantial investments in rental and down payment assistance.
The framework also includes the largest expansion of affordable health care coverage in a decade, reducing premiums for more than 9 million Americans and delivering health care coverage to up to 4 million uninsured people in states that had locked them out of Medicaid.
About Invest in America
Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.
The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.