The climate portion of President Joe Biden’s Build Back Better legislation represents the largest-ever federal investment in clean energy.
The bill's biggest spending components include 10-year tax credits to expand and accelerate investments in renewable power, including wind, solar and nuclear. It has a proposal to provide an electric vehicle tax credit of up to $12,500 for vehicles made at a unionized factory in the U.S. It would invest in new research for carbon capture technology and create a Civilian Climate Corps to spur job growth and conserve public lands, among other things.
Every Senate Democrat would need to support the bill for it to get to president's desk and become law. Meanwhile, every congressional Republican has opposed the plan, arguing it would worsen the highest inflation the U.S. has seen in decades. Earlier this month, Biden said he will likely have to break up his plan to invest in social programs and climate policy, and that he believes he can win support for spending to combat climate change.
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Companies, Executives Donated Nearly $300,000 to Manchin's Campaign After He Rejected Biden's Build Back Better BillSen. Joe Manchin's campaign raised nearly $300,000 from corporations and executives after he publicly opposed President Biden's spending package.
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Huge Progressive Coalition Urges Senate to Pass Build Back Better'America's workers, businesses, and families need this law,' wrote a progressive coalition led by MomsRising.
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While Lobbying to Kill Build Back Better, Pharma Hikes Costs of 866 Drugs\u0022How many more Americans have to die and suffer before Congress has the guts to end this greed?\u0022 asked Sen. Bernie Sanders.
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Bob Johnson Says Biden's Build Back Better Bill Needs to Direct Money to Black-Owned Businesses“Closing the Black wealth gap is not a job,” said the founder of The RLJ Cos. “It’s giving us more access to wealth sustainability.”
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Manchin, key Dem, says Build Back Better bill is 'dead'Sen. Joe Manchin declared Tuesday that President Joe Biden's vast social and environment bill is “dead,” using his strongest language to date to underscore that any revival of Democrats' top domestic priorities would have to arise from fresh negotiations. Manchin, D-W.Va., said in December that he couldn't support the version of the legislation as written. “What Build Back Better bill?' Manchin said Tuesday, using the legislation's name, when reporters asked about it.
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