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Paid Vacation, Clean Energy, Preschool – $ 3.5 Trillion Dems Plan
Democrats in the US Senate revealed a rough outline from a $ 3.5 trillion spending plan that the White House says it would fund major investments in clean energy and Familys while Taxing the nation’s highest earners and top companies to pay for it.
The plan includes Funding a universal preschool for all Americans, Deployment Legal status for immigrants and investing in Electric vehicle infrastructure.
Here is a rundown of what they have revealed so far in the legislation, broken down by the congressional committees tasked with drafting the final legislation:
$ 726 billion to the committee for Health, training, work and Pensionsthat would be used to provide universal preschool for all 3 and 4 year olds, two years of community college free of charge, Childcare for working families and increase the maximum Pell Scholarship Award, a federal grant that helps low-income students pay for college.
$ 332 billion to the committee for Banking, casing, and Urban affairsaiming to create and maintain affordable housing in cities, suburbs and rural areas.
$ 198 billion to the committee for energy and Natural resources, offer Direct payments to utilities for hitting Clean Energy Goals, Consumer discounts to make homes more Energy efficient and funding for the domestic production of clean energy and technologies for the automotive supply chain.
$ 135 billion to the committee for Agriculture, nourishment, and forestry including funding for the Civilian Climate Corps, which would employ thousands of young people to help address the threat of climate change and strengthen the natural defenses of the country.
$ 107 billion to the committee for the Judiciaryto find a way to comply with the law Permanent status for qualified immigrants. This is one of many proposals that must be approved by the Senate MP, who decides which policies can be decided through reconciliation.
$ 83 billion to the committee for trade, science, and technology finance Investing in technology, transport and researchand helps coastal communities adapt to stronger storms and rising seas.
$ 67 billion to the committee for environment and Public works Fund a Clean Energy Technology Accelerator that would fund affordable and others climate-friendly technologies, Investing in clean drinking water and imposing Methane emitter fees Reduce CO2 emissions.
$ 37 billion to the committee for Homeland security and governmental affairs to electrify the federal vehicle fleet and improve cybersecurity infrastructure.
$ 25 billion to the committee for Small business and Entrepreneurship to help small businesses with security Access to credit and investment.
$ 20.5 billion to the committee for Indian affairs Per health, training and Residential programs Per American natives.
$ 18 billion to the committee for Veterans affairs for upgrades to VA facilities.
The Senate Finance Committee is tasked with finding ways to reduce the deficit to help finance paid family and sick leave, expand that Affordable Care Act, expand Medicare lock in dental, vision, Hearing benefits and lowering the age of entitlement, extend the child tax deduction and relieve taxpayers who cannot deduct more than $ 10,000 spent on state and local taxes known as SALT from the income on which they must pay federal taxes.
It is paid approximately Doubling the tax rate of high earners on their investment income to 39.6% the end 20% and raise the highest tax rate from ordinary income too 39.6% the end 37%.
Increase in the corporate tax rate and put a minimum tax on foreign income as part of a global minimum tax.
Increased scrutiny of higher income taxpayers at the Internal Revenue Service.
Impose Import fee for CO2 polluters on Companies that bring goods into the country.
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