House Budget Committee Advances Build Back Better Act
Washington, D.C.— This evening, the House Budget Committee completed its virtual markup of the Build Back Better Act, A bill to provide for reconciliation pursuant to title II of the Concurrent Resolution on the Budget for Fiscal Year 2022, S. Con. Res. 14. Under the leadership of Budget Chairman John Yarmuth (KY-03), the committee reported the legislation to the House of Representatives with a favorable recommendation.
“With the conclusion of the House Budget Committee’s markup of the Build Back Better Act, we are one step closer to delivering these visionary investments to the American people,” said Chairman Yarmuth. “Over the last 40 years, America has tried trickle-down economics and tax cuts for the rich and it has failed, resulting in massive income inequality and harmful deficits in our communities. This bill is a paradigm shift.
“The Build Back Better Act makes the transformative investments at the scale necessary to meet the needs of the American people. It will lower costs for families, create good-paying jobs for American workers, and deliver one of the largest middle-class tax cuts in history. And these pro-growth investments will be paid for by making sure the wealthy and major corporations finally pay their fair share. Instead of a top-down approach, the investments in this bill are designed to ensure broadly shared prosperity for generations to come.
“I am proud that the Budget Committee advanced this life-changing legislation. But the job is not done until we deliver the Build Back Better Act to the Oval Office and get these investments to the American people.”
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