House Passes Massive Spending Bill
On November 19, 2021, the House of Representatives passed the Build Back Better Act, by a vote of 220 to 213. The bill includes new social spending programs, like universal preschool, as well as expanded programs related to health care and housing. The bill also includes a massive expansion of green energy incentives, extensions of popular expansions of tax credits meant to help middle and lower-income taxpayers, and an increase in the limitation of the state and local tax deduction. All of this is paid for with tax increases on high-income taxpayers, as well as changes to corporate and international taxation.
This special report from CCH AnswerConnect provides a deep-dive into the proposed bill, including:
Find out more about the Build Back Better Act, download a free copy of this timely tax briefing today.
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