Combat the Climate Crisis
· The “Build Back Better Act” is the largest effort to combat climate change in American history, investing $555 billion over 10 years in clean energy and climate investments.
· Establishes green tax credits that will save the average American family hundreds of dollars per year in energy costs.
· Ensures clean energy technology – from wind turbine blades to solar panels to electric cars – will be built in the United States, creating hundreds of thousands of good jobs here at home.
The “Build Back Better Act” is paid for by finally requiring the very largest corporations and wealthiest Americans—who often avoid paying any taxes at all—to finally pay their fair share. No one making under $400,000 will pay a penny more in taxes under this legislation.
“All of this is supported without costing the middle class a single penny. No public school teacher, nurse, or first responder should pay a higher tax rate than a billionaire. Yet that has been the case in America for far too long. The ‘Build Back Better Act’ rights this wrong and uses the revenue it generates to provide tax cuts, jobs, lower healthcare costs, and affordable housing for the middle class,” Garamendi continued.
“The ‘Build Back Better Act’ is also our best shot to attack the climate change and protect the air, water, and land we all rely on for our children and grandchildren’s generations. With the ‘Build Back Better Act,’ we will finally unlock the green energy economy of the future we so desperately need,” Garamendi continued.
“The ‘Build Back Better Act’ is the result of months of negotiations and compromise. I am proud to support it and will work tirelessly until it becomes law, and its critically important relief is delivered to the American people,” Garamendi concluded.
A comprehensive summary of the “Build Back better Act” from the White House is available here.