Congressman Horsford Applauds Major Investments in Nevada Families through the Build Back Better Framework

WASHINGTON, D.C. — Today, Congressman Steven Horsford (D-NV-04) released the following statement on President Biden's new framework for the Build Back Better Act.

"President Biden has released a clear framework to level the playing field for working families through the Build Back Better Act. After months of Committee negotiations and grassroots advocacy, this framework advances our goals to create good jobs, extend middle-class tax cuts, lower the cost of housing, health care, and child care, and make historic investments in community-based violence intervention. Together, the transformative investments in this framework and the Bipartisan Infrastructure Deal will create a healthier, safer, and more prosperous future for all Nevadans. I look forward to passing both of these bills through Congress and seeing them signed into law."

The Build Back Better Act would:

Lower Costs for Families and Strengthen the Middle Class

• Expand universal preschool for all three- and four-year olds.
• Extend the expanded Child Tax Credit for one year and make the credit permanently refundable.
• Lower child care costs, limiting costs to no more than 7 percent of family income for those earning up to 250 percent of state median income.
• Invest $150 billion in housing affordability and reducing price pressures, including in rural areas. These funds will go towards building, preserving, and improving more than 1 million affordable rental and single-family homes, including public housing, plus rental and down payment assistance for homebuyers.
• Raise the maximum Pell grant to support low-income college students.
• Provide support to Historically Black Colleges & Universities, Hispanic Serving Institutions, Minority Serving Institutions, and Tribal Colleges and Universities, and invest in workforce development, including community college workforce programs, sector-based training, and apprenticeships.
• Extend for one year the current expanded Earned Income Tax Credit for childless workers.
• Make other targeted investments including in maternal health, community violence initiatives, Native communities, disadvantaged farmers, nutrition, pandemic preparedness, supply chain resilience, and other areas.

Expand Affordable Health Care and Services for Older Americans

• Extend the expanded Affordable Care Act premium tax credits through 2025, expanding coverage to approximately 3 million people who would otherwise be uninsured.
• Make Affordable Care Act premium tax credits available through 2025 to 4 million uninsured people.
• Allow Medicare to cover the cost of hearing by establishing a hearing benefit in Medicare, a crucial benefit to our seniors for a reasonable cost.
• Expand access to affordable, home-based quality care to thousands of older Americans and people with disabilities by strengthening existing Medicaid programs, ending the existing backlog, and improving working conditions for home care workers.
• Repeal the Trump Administration Rebate Rule, which would have increased seniors' drug premiums.

Invest in Clean Energy, Good Jobs, and Climate Action

• Create a ten-year expanded tax credit for utility-scale and residential clean energy, transmission and storage, clean passenger and commercial vehicles, and clean energy manufacturing.
• Invest $105 billion to address extreme weather (wildfires, droughts, and hurricanes, including in forestry, wetlands, and agriculture), legacy pollution in communities, and create a Civilian Climate Corps.
• Create targeted incentives to spur new domestic supply chains and technologies, like solar, batteries, and advanced materials, while boosting the competitiveness of existing industries, including steel, cement, and aluminum.
• Provide incentives for the government to be purchaser of next generation technologies, including long-duration storage, small modular reactors, and clean construction materials.

The Build Back Better framework is fully paid for by asking the wealthiest Americans and the biggest corporations to pay their fair share. It will not raise taxes on small businesses or anyone making less than $400,000 per year. As the Build Back Better Act revitalizes our economy, it will also generate growth that increases tax revenues and contributes to deficit reduction.