November 22, 2021

2021 – 11/19

The U.S. House of Representatives approved the Build Back Better Act on Nov. 19 by a vote of 220 to 209. The vote came after lawmakers received an analysis of the bill’s costs from the bipartisan Congressional Budget Office. If passed, the bill would provide free preschool, lower some prescription costs and make significant financial, social and environmental changes. It would extend the enhanced child tax credit, provide various tax credits for clean energy investments and increase the cap that currently limits the $10,000 federal deduction for state and local taxes. The $1.75 trillion bill now goes to the Senate, where it’s likely to be revised and vote isn’t expected until year end.