Neal Praises House Passage of Build Back Better Act
Washington, November 19, 2021
Washington, D.C. – Today, Congressman Richard E. Neal, Chair of the House Committee on Ways and Means voted for the Build Back Better Act, which delivers once-in-a-generation action to bring down the everyday costs that Massachusetts families face. This landmark legislation creates good paying jobs, cuts middle class taxes and lowers the costs of health care, child care and family care – fully paid for by asking the wealthiest few and biggest corporations to pay their fair share.
“At last, we are sending the Senate a once-in-a-generation package to invest in our nation’s workers, families, and economy,” said Congressman Neal. “We fought hard to keep key provisions like paid family and medical leave in the legislation because we cannot build back better until we recognize the needs of workers outside of the workplace. Each individual measure in this bill has the potential to change lives, and when taken together, these investments will transform our country for the better.
“Under President Biden’s leadership, and thanks in large part to the vaccine, our country is steadily climbing out of the devastation of the pandemic. This legislative package helps ensure that our continued recovery expands opportunity and financial security for all Americans. The Ways and Means Committee responsibly crafted provisions to lower the cost of prescription drugs and health care premiums, and expand the Affordable Care Act to finally close the coverage gap. We leveraged the tax code to make the largest investment in combatting climate change in American history, while extending popular tax credits to put money back into the pockets of hard-working families.
“When combined with the bipartisan infrastructure law, this legislation will create millions of high-quality, good-paying jobs, reduce inequality, and advance equity in our nation. Democrats are building back better.”
The Build Back Better Act:
Importantly, this legislation is fully paid-for, which will both grow the economy and fight inflation. According to the estimates of the nonpartisan Congressional Budget Office and the U.S. Treasury, Build Back Better even reduces the deficit by more than $100 billion over the first ten years.
“Because it is fully paid for, our Build Back Better Act will also help fight inflation as our economy recovers, empowering more parents to return to the workforce and lowering the everyday expenses that weigh heaviest on working families,” Congressman Neal concluded.