Nebraska Democratic Party Chair Jane Kleeb on Friday praised the passage in the U.S. House of President Biden’s Build Back Better plan, which makes vital investments in our kids, families, communities and nation in the greatest expansion of the social safety net in 50 years.
The measures passed without Republican support and now goes to the Senate.
“This will make crucial investments in our kids, our families, our communities and the nation,” Kleeb said. “It’s Democrats who are leading on these vital issues, while Republicans — including Reps. Don Bacon, Jeff Fortenberry and Adrian Smith, who all voted no — turn their back on the people and follow their GOP party bosses.”
The BBB plan is a historic investment in climate, health care and kids aimed at lowering the costs of things families depend on, helping people get back to work and growing the economy.
“And despite the howls by the GOP — Biden’s plan will not add one cent to our national debt,” Kleeb said. “Instead, it requires that big corporations and the wealthiest Americans pay their fair share of taxes like everyone else. No American earning less than $400,000 a year will pay more in taxes.”
A report by the Congressional Budget Office completed Thursday said the CBO analysis found that the bill would result in a net increase in the deficit totaling $367 billion over the next decade. But it did not include the full savings that could be achieved from some of the Democrats’ revenue-raising provisions, including a plan to empower the Internal Revenue Service to recapture unpaid federal taxes. The White House has said that IRS enforcement alone could capture roughly $400 billion in additional revenue.
Earlier this week, Biden signed the Bipartisan Infrastructure Investment and Jobs Act — which makes critical historic investments in equity and in tackling the climate crisis and, along with the Build Back Better plan, will create millions of good-paying jobs, ensure that American workers, businesses, and farmers can thrive and save middle-class families money.
Click here to see concrete financial numbers of how Nebraskans will benefit from both measures.
