President Biden Announces the Build Back Better Framework


President Biden Announces the Build Back Better Framework

"...

Specifically, the Build Back Better framework will:

Deliver substantial consumer rebates and ensure middle class families save money as they shift to clean energy and electrification. The consumer rebates and credits included in the Build Back Better framework will save the average American family hundreds of dollars per year in energy costs. These measures include enhancement and expansion of existing home energy and efficiency tax credits, as well as the creation of a new, electrification-focused rebate program. The framework will cut the cost of installing rooftop solar for a home by around 30 percent, shortening the payback period by around 5 years; and the framework’s electric vehicle tax credit will lower the cost of an electric vehicle that is made in America with American materials and union labor by $12,500 for a middle-class family. In addition, the framework will help rural communities tap into the clean energy opportunity through targeted grants and loans through the Department of Agriculture.

Ensure clean energy technology – from wind turbine blades to solar panels to electric cars – will be built in the United States with American made steel and other materials, creating hundreds of thousands of good jobs here at home. The Build Back Better legislation will target incentives to grow domestic supply chains in solar, wind, and other critical industries in communities on the frontlines of the energy transition. In addition, the framework will boost the competitiveness of existing industries, like steel, cement, and aluminum, through grants, loans, tax credits, and procurement to drive capital investment in the decarbonization and revitalization of American manufacturing.

Advance environmental justice through a new Clean Energy and Sustainability Accelerator that will invest in projects around the country, while delivering 40% of the benefits of investment to disadvantaged communities, as part of the President’s Justice40 initiative. The framework will also fund port electrification; facilitate the deployment of cleaner transit, buses, and trucks; and support critical community capacity building, including grants to environmental justice communities. In addition, the framework will create a new Civilian Climate Corps – with over 300,000 members that look like America. This diverse new workforce will conserve our public lands, bolster community resilience, and address the changing climate, all while putting good-paying union jobs within reach for more Americans.
..."
https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/28/president-biden-announces-the-build-back-better-framework/
OCTOBER 28, 2021

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PRINT 17

RULES COMMITTEE PRINT 117–17
TEXT OF H.R. 5376, BUILD BACK BETTER ACT
[Showing the text of H.R. 5376, as reported by the Committee]
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-17.pdf
OCTOBER 29, 2021
SIDE 1320 -> SIDE 1321
______________________

PRINT 18 - SENESTE

RULES COMMITTEE PRINT 117–18
TEXT OF H.R. 5376, BUILD BACK BETTER ACT
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-18.pdf
NOVEMBER 3, 2021
SIDE 1561 -> SIDE 1562
"
..
‘‘SEC. 45AA. ADVANCED MANUFACTURING PRODUCTION CREDIT.
‘‘(a) IN GENERAL.—
‘‘(1) ALLOWANCE OF CREDIT.—For purposes of section 38, the advanced manufacturing production credit for any taxable year is an amount equal to the sum of the credit amounts determined under sub13 section (b) with respect to each eligible component which is— ‘
‘(A) produced by such taxpayer, and
‘‘(B) during the taxable year, sold by the taxpayer to an unrelated person. ‘‘
(2) PRODUCTION AND SALE MUST BE IN TRADE OR BUSINESS.—Any eligible component pro20 duced and sold by the taxpayer shall be taken into account only if the production and sale described in paragraph (1) is in a trade or business of the tax23 payer. ‘‘(3) UNRELATED PERSON.—For purposes of this subsection, a taxpayer shall be treated as selling components to an unrelated person if such compo nent is sold to such person by a person related to the taxpayer.
‘‘(b) CREDIT AMOUNT.—
‘‘(1) IN GENERAL.—Subject to paragraph (3), the amount determined under this subsection with respect to any eligible component, including any eli gible component it incorporates, shall be equal to—
...
‘‘(C) in the case of solar grade polysilicon, $3 per kilogram,
"
___________________

Preliminary Estimates Show Build Back Better Legislation Will Reduce Deficits
https://home.treasury.gov/news/featured-stories/preliminary-estimates-show-build-back-better-legislation-will-reduce-deficits
NOVEMBER 4, 2021
"
The Build Back Better Act invests meaningfully in American families and workers, while laying the foundation for meeting imperative climate goals. When the President released the Build Back Better framework last week, he proposed $2 trillion in savings that would more than pay for the critical investments in the legislation – and in fact generate net deficit reduction. With the release of the text of the Build Back Better Act in the House and scoring from the Joint Committee on Taxation, we can update the estimate of fiscal savings.

The legislation would, as the President proposed, generate more than $2 trillion in savings. These savings come from ensuring large multinational corporations and wealthy Americans pay their fair share and reducing the cost of prescription drugs. These provisions will not raise taxes on any taxpayer making less than $400,000.

The table below includes the latest estimates by the Joint Committee on Taxation, Congressional Budget Office, and the Treasury Department of the revenue raising and savings provisions in the bill. The bottom line is that the Build Back Better Act under consideration in the House of Representatives will be fully paid for and reduce the deficit.
...
"

___________________

CONGRESSIONAL BUDGET OFFICE (CBO) ESTIMATES
https://www.cbo.gov/cost-estimates

Estimated Budgetary Effects of Title I, Committee on Agriculture, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57618
NOVEMBER 15, 2021

Estimated Budgetary Effects of Title II, Committee on Education and Labor, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57622
NOVEMBER 17, 2021

Estimated Budgetary Effects of Title III, Committee on Energy and Commerce, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57623
NOVEMBER 18, 2021

Estimated Budgetary Effects of Title IV, Committee on Financial Services, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57619
NOVEMBER 15, 2021

Estimated Budgetary Effects of Title IV, Committee on Banking, Housing, and Urban Affairs, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57681
DECEMBER 8, 2021


Estimated Budgetary Effects of Title V, Committee on Homeland Security, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57607
NOVEMBER 10, 2021

Estimated Budgetary Effects of Title VI, Committee on the Judiciary, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57625
NOVEMBER 18, 2021

Estimated Budgetary Effects of Title VII, Committee on Natural Resources, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57621
NOVEMBER 17, 2021

Estimated Budgetary Effects of Title VIII, Committee on Oversight and Reform, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57611
NOVEMBER 12, 2021

Estimated Budgetary Effects of Title VIII, Committee on Commerce, Science, and Transportation, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57678
DECEMBER 8, 2021


Estimated Budgetary Effects of Title IX, Committee on Science, Space, and Technology, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57608
NOVEMBER 10, 2021

Estimated Budgetary Effects of Title X, Committee on Small Business, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57605
NOVEMBER 10, 2021

Estimated Budgetary Effects of Title X, Committee on Small Business and Entrepreneurship, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57680
DECEMBER 8, 2021


Estimated Budgetary Effects of Title XI, Committee on Transportation and Infrastructure, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57490
NOVEMBER 12, 2021

Estimated Budgetary Effects of Title XI, Committee on Veterans’ Affairs, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57679
DECEMBER 8, 2021


Estimated Budgetary Effects of Title XII, Committee on Veterans Affairs, H.R. 5376, Build Back Better Act
https://www.cbo.gov/publication/57604
NOVEMBER 10, 2021

Estimated Budgetary Effects of Title XIII, Committee on Ways and Means, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57626
NOVEMBER 18, 2021
Redigert 09.12.2021 kl 20:27 Du må logge inn for å svare
DjTao
29.10.2021 kl 07:38 7890

Nydelig manman01 🤩

Along with multiyear extensions to existing clean energy tax credits, the legislation provides incentives for the manufacturing of clean energy components. For instance, it would provide tax credits for U.S.-made thin-film and crystalline silicon solar cells, solar wafers, solar modules, and polysilicon, which is a key ingredient in most solar panels.
t3sm
29.10.2021 kl 07:45 7780

Så er jo det store spørsmålet nå: når blir pakken vedtatt? Hvis politikerne faktisk vil bidra til en grønn vekst og forandring. Og hva skal Biden gjøre under klimamøtet? For pr nå foreligger det jo ingen avtale, kun en skisse.
DjTao
29.10.2021 kl 08:00 7625

Snart, senest 1-2 uker vil jeg tro. Det er altfor mye politisk prestisje og press nå til at dette ikke kommer til å gå igjennom.

Det er ikke snakk om 2-3 uker til. De skriver ferdig pakke nr. 2 i løpet av helgen, så stemmes det over begge pakkene i neste uke.
t3sm
29.10.2021 kl 08:09 7692

Så blir det jo spennende å se om pakken får flertall og alle stemmer for.
Lollo
29.10.2021 kl 08:14 7688

Ingen tvil om at disse pakkene i en eller annen form blir vedtatt. Er det så farlig å vente noen dager til.

Er det noe shorterne vet å utnytte maksimalt så er det usikkerhet…. Be aware!!!
t3sm
29.10.2021 kl 08:40 7431

Kan bli dramatisk idag - begge veier. Skal bli interessant å se hvilken vei vi tar idag.

Dette blir vedtatt, glem alt annet. REC skal reprises, vilkårene er endret.
Main Melvin
29.10.2021 kl 08:46 7322

Er jo bare å se haussingen som foregikk her inne i går. Snakk om å selge skinnet før bjørnen er skutt.
Falco1
29.10.2021 kl 08:51 7195

Blir spennende å se om shorterne dekker inn i dag mens de enda har sjansen. Pakkene blir godkjent det vet vi alle noe annet er utelukket for USA . Spillet er snart over og da er det for sent for short:))
manman01
29.10.2021 kl 09:01 6991

RIP alle der solgte (:
t3sm
29.10.2021 kl 09:03 7202

De får jo en billigere inngang nå :-)
Falco1
29.10.2021 kl 09:07 7191

Tipper short utnytter denne sjansen og dekker inn i dag:))
Skuta79
29.10.2021 kl 09:08 7176

manman01 skrev Eller hvad? (;
Tror ikke vi skal mye ned i dag. ser bra ut det her 👍
manman01
29.10.2021 kl 09:10 7161

Dette har du tydelig ret i - indtil videre ((:

Tog mig et lille frustrationskøb lige under 15 - så må vi se (:

Rep. Veronica Escobar (D-Texas), a senior whip for the Congressional Progressive Caucus, argued that Biden’s Build Back Better framework won a critical endorsement from the roughly 100-member CPC and that progressives and moderates significantly narrowed their differences, agreeing which key policy provisions were in or out.

“It is going to make a deep and lasting impact on families in economically disadvantaged communities like mine. And the amount between infrastructure and the framework for climate change — that amount combined is nearly $1 trillion,” Escobar, who represents El Paso, told The Hill.

“I think the president should embrace this as a victory,” she said, “because what he got from the Progressive Caucus was an endorsement of the framework and a commitment that we will help him get those bills across the finish line with our votes.”

--Updated at 8:38 p.m. https://thehill.com/homenews/house/579030-progressives-win-again-no-infrastructure-vote-tonight
manman01
29.10.2021 kl 09:43 7062

Tak for at dele! 😁
t3sm
29.10.2021 kl 09:47 7020

Å slike meldinger blir det vel i flere uker fremover. Skal bli godt når pakken blir endelig vedtatt og det blir ro rundt prosessen. Da kan man endelig se fremover å vente på gode meldinger fra kilden selv...

Hvor ble det av salget?
Ser vel heller ut som denne er på straka vegen mot 20 i første omgang
Stonks_
29.10.2021 kl 12:10 6490

Da er jeg ferdig kjøpt i denne aksjen, for håpe på god opptur
Todareistodo
29.10.2021 kl 12:32 6670

Lykke til, med tålmodighet kommer dette til å betale seg. Jeg har lastet hele veien, og det er mange andre stayere som har gjort samme gjennom hele nedgangen fra februar, så da er vi i alle fall mange som har satset friskt i skjebnefellesskap med deg..

Vet noen sånn ca kor lang det prosessen med å pynte på avtalen så alle blir glade å kan ta? Om det blir etter Europa turneen til Brandon eller om det kan gå fortere.
Loveshak
29.10.2021 kl 14:01 6275

Blir mest sannsynlig etter Europaturneen, siste absolutt deadline er innen 2021. I tillegg når USA gjeldstaket i midten av desember, som de skal heve i avtalen, så med mindre de får med republikanerne på en separat avtale på det. Så må de være ferdig før midten av desember. Men tidspunkt er vel egentlig ikke så viktig, så lenge SEMA er med i avtalen. Og det er de nå.
Redigert 29.10.2021 kl 14:01 Du må logge inn for å svare

Tror faktisk de vil prøve å få avtalen på plass innen klimatoppmøtet er over. Adskillig bedre for Biden å kunne ha noe håndfast
i de forhandlingene. Sjefen for progressiv kaukus i kongressen var hos Rachel Maddows i går kveld og gav inntrykk av at det gjensto å jobbe seg gjennom avtaleteksten
for å kunne stemme gjennom begge avtalene.
Todareistodo
29.10.2021 kl 14:49 6228

Ingen relevante oppdateringer fra US i dag enda? Har ikke rukket kråle nyheter i dag..
Loveshak
29.10.2021 kl 15:02 6296

Ingen tvil om at de vil prøve, men har lite tiltro til amerikanske politikere for tiden.
tml90
29.10.2021 kl 15:08 6236

Tok en liten trål nå nettopp. Ingenting nytt å melde slik jeg ser det. Det klages over at Manchin og Sinema har fått satt så store fingeravtrykk på avtalene mtp at resten av demokratene virker så samstemte. Disse to skal dog nå være relativt fornøyde med ståa. Jeg tipper avtalen som nå er estimert til 1.75 trillioner dollar må høynes noe før "the progressives" kan akseptere avtalen. Skal vi spekulere i 2T$ sånn for symbolikkens skyld? :)

Synes det er vanskelig å avgjøre hvor langt partene faktisk står fra hverandre nå. Tipper vi må inn i neste uke tidligst før vi får avklart noe.

https://thehill.com/homenews/senate/579031-manchin-sinema-put-stamp-on-party-to-progressive-chagrin
AmatørKongen
29.10.2021 kl 15:17 6128

De kunne spart litt på å gjort om på den idiotiske utformingen av tax credits for elbiler og brukt de pengene bedre.

En annen måte å si det på. Vi snakker om TRILLIONER. 48 Representanter var tilnærmet enige om det opprinnelige forslaget på 3.5Trillioner. Manchin og Sinema fikk kranglet seg ned til 1.7Trillioner. Utrolig bare det. Nå vil de 48 selvsagt ha pakkene opp noen trillioner igjen. 🤑🤑🤡🤡. Selve partiet og presidenten må jo tape veldig mye prestisje på dette.
(Privat paranoid tanke: Manchin og Sinema er betalt av Republikanerne 😎😎.)
t3sm
29.10.2021 kl 15:32 6003

Hvis dette klovneriet går igjennom så blir jeg imponert. Manchin spesielt burde fått en Oscar for sine skuespiller-prestasjoner..
Taycen
29.10.2021 kl 15:53 5808

The White House had urged the House to pass the infrastructure measure before next week's gubernatorial elections in Virginia and New Jersey — contests Democrats have said their party cannot afford to lose.

https://thehill.com/homenews/morning-report/579062-the-hills-morning-report
manman01
29.10.2021 kl 16:03 5718

NEWS: Sen. Ossoff Successfully Negotiates Inclusion of Solar Manufacturing Bill in Budget Measure
https://www.ossoff.senate.gov/press-releases/news-sen-ossoff-successfully-negotiates-inclusion-of-solar-manufacturing-bill-in-budget-measure/
OCTOBER 28, 2021
"
Washington, D.C. — U.S. Senator Jon Ossoff successfully negotiated inclusion of his landmark clean energy legislation in the upcoming Congressional budget measure.

Sen. Ossoff introduced the transformative Solar Energy Manufacturing for America Act this summer as a part of his continued effort to make Georgia the national leader in clean energy technology and swiftly transition to clean energy sources.

The legislation will create tens of thousands of good-paying jobs in Georgia and nationwide, transition our country to clean energy, help meet President Biden’s ambitious goal of having solar energy account for 40% of U.S. energy by 2035, and boost American energy independence.

The bill will provide tax credits for American manufacturers at every stage of the solar manufacturing supply chain, from production of polysilicon to solar cells, trackers and inverters, and fully assembled solar modules.

In a visit to Georgia last month, U.S. Secretary of Energy Jennifer Granholm praised the bill, calling it a “game changer” and commended Sen. Ossoff for his leadership.

“Sen. Ossoff’s great leadership in putting forward a tax credit for solar energy manufacturing in America –– that is second to none. [HisSolar Energy Manufacturing for America Act] is the game changer to be able to build out these supply chains in this whole solar industry in America,” Sec. Granholm said.

Last month, Sen. Ron Wyden (D-OR), who chairs the powerful Senate Finance Committee with jurisdiction over clean energy tax legislation, also strongly endorsed inclusion of Sen. Ossoff’s solar legislation in the upcoming reconciliation bill, calling it a “prerequisite” for dealing with climate change.

Senators Reverend Raphael Warnock (D-GA), Michael Bennet (D-CO), and Debbie Stabenow (D-MI) co-sponsored the bill in the Senate, and Congressman Dan Kildee (MI-05) introduced the companion bill in the U.S. House of Representatives.
"
Redigert 29.10.2021 kl 16:10 Du må logge inn for å svare
manman01
29.10.2021 kl 16:07 5682

god weekend alle :)

Takk for at du postet, ha en fin weekend :)
rettaw
29.10.2021 kl 16:30 5529

manman01 skrev god weekend alle :)
God helg til deg også manman01, takk for dine flotte innlegg.