3rd release of Build Back Better: 7 million less employment
Last night a third release of BBB was shown to the public. Both in pages and overall economics, it is in between the 1st and 2nd editions.
First-release items resurrected yesterday
- Repeal of Trump’s terrible rebate rule (Section 139301). It is likely illegal so repealing it does nothing but CBO probably will credit Dems with cutting about spending by about $200B with this provision.
- Favors to labor unions such as allowing union dues to be tax deductible (Section 138514).
- E-cigarette and tobacco taxes (Section 138520).
- Federal family leave (Section 130001).
- Affordable housing (still $150B across various sections).
- Expanded ACA premium tax credits (Sections 137301ff).
- New federal childcare (Section 23001) and preK programs (Section 23002).
- Child Tax Credit expansion (Section 137101ff).
- Partial launch of the Green New Deal (various sections).
- Privacy regulation (Section 31501).
Source: http://caseymulligan.blogspot.com/2021/11/3rd-release-of-build-back-better-7.html
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