BGOV Bill Summary: House-Passed Reconciliation Plan (3)

Nov. 4, 2021, 6:31 PMUpdated: Nov. 19, 2021, 6:20 PM

Hundreds of billions of dollars would be spent on climate programs and tax incentives, a new family leave program would be created, and Medicare would be able to negotiate some drug prices under the House-passed version of H.R. 5376.

The bill, which represents a large portion of President Joe Biden’s economic agenda, would also increase certain taxes on high-income individuals, expand subsidies under the Affordable Care Act, and make the child tax credit permanently refundable while extending a boosted credit for one year.

The House passed the bill 220-213 on Nov. 19. Rep. Jared Golden of Maine was the ...

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