What’s in the bill:
Universal preschool for all 3- and 4-year olds. In addition to helping millions of children prepare better for school, the benefit would enable parents of young children to return to the work force earlier.
Capping childcare costs at 7% of income for parents earning up to 250% of a state’s median income.
4 weeks of federal paid parental, sick or caregiver leave.
A year of expanded Child Tax Credits. During the past year, these credits have raised households with more than 3 million children out of poverty, and cut overall child poverty in America by 25%.
Extended pandemic-era Affordable Care Act subsidies. So far this year, these subsidies have increased ACA enrollment by more than 2 million.
New hearing benefits for Medicare beneficiaries, including coverage for a new hearing aid every five years.
A $35 per-month limit on the cost of insulin under Medicare, and a cap on out-of-pocket prescription drug costs at $2.000 per year.
$500 billion to combat climate change, largely through clean energy tax credits. This represents the largest ever federal investment in clean energy.
Raising the State and Local Tax deduction limit from $10,000 to $80,000.
Universal preschool for all 3- and 4-year olds. In addition to helping millions of children prepare better for school, the benefit would enable parents of young children to return to the work force earlier.
Capping childcare costs at 7% of income for parents earning up to 250% of a state’s median income.
4 weeks of federal paid parental, sick or caregiver leave.
A year of expanded Child Tax Credits. During the past year, these credits have raised households with more than 3 million children out of poverty, and cut overall child poverty in America by 25%.
Extended pandemic-era Affordable Care Act subsidies. So far this year, these subsidies have increased ACA enrollment by more than 2 million.
New hearing benefits for Medicare beneficiaries, including coverage for a new hearing aid every five years.
A $35 per-month limit on the cost of insulin under Medicare, and a cap on out-of-pocket prescription drug costs at $2.000 per year.
$500 billion to combat climate change, largely through clean energy tax credits. This represents the largest ever federal investment in clean energy.
Raising the State and Local Tax deduction limit from $10,000 to $80,000.
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