Ruppersberger Votes for Transformative Legislation to Create Jobs, Lower Taxes and Everyday Costs
(Washington, D.C.) – Congressman C.A. Dutch Ruppersberger this morning voted in support of once-in-a-generation legislation that will create jobs, cut taxes for the vast majority of Americans and lower costs for everyday needs ranging from healthcare to childcare. H.R. 5376, the Build Back Better Act, which also makes the largest investment to combat climate change in history, passed the House of Representatives in a 220 and 213 vote and now heads to the U.S. Senate for consideration.
Combined with the “Infrastructure Investments and Jobs Act” signed into law earlier this week, the legislation will add an average of 2 million jobs per year over the next decade. H.R. 5376 is not only fully-funded, it reduces the deficit by more than $100 billion over the first decade, according to the estimates of the nonpartisan Congressional Budget Office and the U.S. Treasury.
“This historic and transformative legislation will bring down costs that have held too many Maryland families back for decades by cutting taxes and making childcare, healthcare and housing more affordable,” Congressman Ruppersberger said. “It will open the doors of opportunities for so many people who have been shut out of an economy that has long benefited those at the top, while ensuring our new economy is environmentally sustainable. We accomplish all this by simply requiring major corporations and the ultra-rich – some who have gone years without paying a dime in income taxes while making fortunes on the backs of middle-class workers – to pay their fair share.”
Click here for a fact sheet on the Maryland-specific impacts of the bill’s major provisions:
- Capping childcare expenses for most families at 7 percent of their income;
- Providing universal pre-school for all 3 and 4-year-olds;
- Providing all Americans with at least four weeks in paid family and medical leave;
- Giving more than 35 million families a major tax cut by extending the child tax credit;
- Increasing the cap on the state and local income tax deduction – which is claimed by Marylanders more than any other state in the country – before eventually expiring;
- Investing $20 billion in workforce development funding for apprenticeship programs as well as career and technical training;
- Expanding Medicare to include hearing care and hearing aids;
- Providing $2.5 billion for various violence intervention initiatives including hospital-based programs, a measure long championed by Congressman Ruppersberger;
- Lowering healthcare costs by finally enabling Medicare to negotiate prescription drug prices and preventing Big Pharma from price gouging;
- Capping insulin prices for diabetics;
- Expanding Obamacare to make insurance more affordable for Americans who buy it on their own;
- Making the largest effort to combat climate change in American history, investing $555 billion over the next decade in green tax credits and American-made clean energy technology like wind turbines, solar panels and electric cars.
The bill comes after passage of H.R. 3684, the “Infrastructure Investments and Jobs Act,” last week. That legislation will infuse $500 billion in new funding into America’s aging infrastructure, including roads and bridges, waterways, high-speed internet and pipelines.