The proposed FY2022 Budget Resolution framework includes $3.5 trillion in total investments.

The $3.5 trillion in investments is offset by three main buckets:

·       Health Care Savings
·       Reforming the Tax Code
·       Long Term Economic Growth

This Thursday, families across the country will see the first payments from the Child Tax Credit expansion enacted in the American Rescue Plan – $3,600/year for kids under 6 and $3,000/year for kids over 6.

The proposed FY2022 Budget Resolution framework would extend the ARP’s expansions of the Child Tax Credit, Earned Income Tax Credit, and Child and Dependent Care Tax Credits.

The duration of each credit’s enactment will be determined based on scoring and Committee input.

The proposed FY2022 Budget Resolution meets the President’s climate change goals of 80% clean electricity and 50% economy-wide carbon emissions by 2030, while advancing environmental justice and American manufacturing. The framework would fund:

·       Clean Energy Standard

·       Clean Energy and Vehicle Tax Incentives

·       Civilian Climate Corps

·       Climate Smart Agriculture, Wildfire Prevention and Forestry

·       Federal procurement of clean technologies

·       Weatherization and Electrification of Buildings

·       Clean Energy Accelerator

The Resolution would also propose a new Methane Reduction and Polluter Import Fees to increase our emissions reductions.

The proposed FY2022 Budget Resolution framework would support each major program in the American Families Plan. The framework includes funding for:

·       Universal Pre-K for 3 and 4-year old children

·       High quality and affordable Child Care

·       Community College, HBCUs and MSIs, and Pell Grants

·       Paid Family and Medical Leave

·       Nutrition Assistance

·       Affordable Housing

The duration of each program’s enactment will be determined based on scoring and Committee input.

The Resolution would also propose a new Methane Reduction and Polluter Import Fees to increase our emissions reductions.

The proposed FY2022 Budget Resolution framework would help workers and communities across the country recover from the COVID-19 pandemic and reverse trends of economic inequality. The framework includes:

·       Housing Investments

·       Innovation and Research & Development Upgrades

·       Small Business Support

·       American Manufacturing and Supply Chains Funding

·       Investment in Workers and Communities

·       LPRs for Immigrants and Border Management

·       Pro-Worker Incentives and Penalties

The duration of each program’s enactment will be determined based on scoring and Committee input.

The Resolution would also propose a new Methane Reduction and Polluter Import Fees to increase our emissions reductions.

The proposed FY2022 Budget Resolution framework includes Reconciliation instructions to enact offsets of $3.5 trillion from the following categories:

Tax Reform

·       Corporate

·       International

·       High Income Individual

·       Tax Enforcement

Health Savings

·       Prescription Drugs

·       Repeal Trump Rebate Rule

Long-Term Economic Growth

The duration of each program’s enactment will be determined based on scoring and Committee input.

The Resolution would also propose a new Methane Reduction and Polluter Import Fees to increase our emissions reductions.

The proposed FY2022 Budget Resolution framework would deliver on five major new health and home care programs:

• Add a new Dental, Vision, and Hearing benefit to Medicare
• Home and Community-Based Services expansion
• Extend the Affordable Care Act Expansion from the ARP
• Close the Medicaid “Coverage Gap” in the States that refused to expand
• Reduced patient spending on prescription drugs

The duration of each program’s enactment will be determined based on scoring and Committee input.

The Resolution would also propose a new Methane Reduction and Polluter Import Fees to increase our emissions reductions.