I’m going to go out on a limb and guess that you’re not a fan, but I’m going to answer you for the other readers.
1. The American Rescue Plan (ARP) Act, an unprecedented $1.9 trillion package that helped combat COVID-19 and ensure our economic recovery.
2. In 2021, the U.S. economy added over 6.5 million jobs – the greatest year of job growth under any President in history. At the same time, we saw the largest annual decline in unemployment ever recorded and the strongest year of GDP growth since 1984.
3. Bipartisan Infrastructure Law is a once-in-a-generation, transformational investment that will help create thousands of jobs and set America up to win the 21st century. The law provides billions in funding to repair bridges and roads, begin replacing every lead pipe in America, upgrade our ports and airports, and expand broadband access to all. It also includes the largest federal investment in public transit ever and the biggest investment in Amtrak since its creation. In 2022 alone, repairs will begin on 65,000 miles of roads and 1,500 bridges.
4. In his first year alone, 40 of President Biden’s circuit and district court nominees were confirmed by the Senate – the most in any President’s first year since Ronald Reagan.
5. Biden expanded access to affordable health care for five million Americans. Unemployment dropped to 3.9%; under Donald Trump, unemployment was 6.3%. 6,000,000 jobs have been created already. Jobless claims are the lowest since 1969.
6. The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The bill will also finally allow Medicare to negotiate for prescription drug prices and extend the expanded Affordable Care Act program for three years, through 2025.
The new proposal for the FY2022 Budget Reconciliation bill will invest approximately $300 billion in Deficit Reduction and $369 billion in Energy Security and Climate Change programs over the next ten years.
Additionally, the agreement calls for comprehensive Permitting reform legislation to be passed before the end of the fiscal year. Permitting reform is essential to unlocking domestic energy and transmission projects, which will lower costs for consumers and help us meet our long-term emissions goals.
The Inflation Reduction Act:
• Enacts historic deficit reduction to fight inflation
• Lowers energy costs, increases cleaner production, and reduces carbon emissions by roughly 40 percent by 2030
• Allows Medicare to negotiate drug prices and caps out-of-pocket costs to $2,000
• Lowers ACA health care premiums for millions of Americans
• Make biggest corporations and ultra-wealthy pay their fair share
• There are no new taxes on families making $400,000 or less and no new taxes on small businesses – we are closing tax loopholes and enforcing the tax code.
