The White House on October 28, 2021 issued a framework for a $1.75 trillion social and climate spending bill being called as ” Build Back Better proposal”.
- The Build Back Better proposal is an investment plan to combat climate change, extend health care coverage and alleviate child poverty, among other priorities.
- The plan would raise revenue by levying a tax surcharge on those making more than $10 million a year, raising taxes for some high-income business owners and strengthening IRS tax enforcement.
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