Home U.S. Economy U.S. House Approves USD1.75 Trillion Biden Plan Funding Universal Pre-K, Medicare Expansion: CNBC

U.S. House Approves USD1.75 Trillion Biden Plan Funding Universal Pre-K, Medicare Expansion: CNBC

0
U.S. House Approves USD1.75 Trillion Biden Plan Funding Universal Pre-K, Medicare Expansion: CNBC
Speaker of the House Nancy Pelosi stands by U.S. President Joe Biden as he signs into law S.J.Res.15, relating to “National Banks and Federal Savings Associations as Lenders” at the White House in Washington, June 30, 2021. Kevin Lamarque | Reuters Courtesy of CNBC.

WASHINGTON (CNBC) – The House of Representatives on Friday passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds universal pre-K, Medicare expansion, renewable energy credits, affordable housing, a year of expanded Child Tax Credits and major Obamacare subsidies.

The final vote was 220-213, and only one Democrat, Jared Golden of Maine voted against the bill.

Now that it has cleared the House, President Joe Biden’s Build Back Better Act goes to the Senate, where it is likely to be revised in the coming weeks. Senate Majority Leader Chuck Schumer said he aims to have the chamber pass the bill before Christmas. The House will need to vote on it again if the bill is altered.

If the measure is signed into law, the bill will profoundly change how many Americans live, especially families with children, the elderly and low income Americans.

Read the full story.

LEAVE A REPLY

Please enter your comment!
Please enter your name here