Details of Senate Dems’ $3.5 trillion spending bill:
ELDERLY & DISABLED HOME CARE
$400 billion to fund long-term home and community healthcare programs for seniors and people with disabilities.
HOUSING PROGRAMS
$332 billion for public housing and to “improve housing affordability and equity by providing down payment assistance, rental assistance, and other homeownership initiatives.”
SUBSIDIZED CHILD CARE
“Child care for working families” and may dust off a White House plan to cap child-care expenses for most families at 7% of income, which was estimated to cost about $225 billion.
PAID FAMILY & SICK LEAVE
President Biden has proposed 12 weeks per year of paid family and sick leave. Early version estimated the cost at $225 billion.
FREE PRE-K FOR 3- & 4-YEAR-OLDS
A national program to fund preschool. Earlier White House proposal priced it at $200 billion.
FREE COMMUNITY COLLEGE
A plan for two years of free community college, which White House said would cost $109 billion. Biden also has pitched an extra $85 billion in Pell Grants for low-income students, which can go toward housing and books.
ELECTRIC CARS
A call for “electrifying the federal vehicle fleet” and “financing for domestic manufacturing of clean energy and auto supply chain technologies.” A prior White House plan pitched $174 billion for electric cars.
CHILD TAX-CREDIT EXTENSION
Credits would stay $3,600 per child under 6 and $3,000 for older children.
CLIMATE CHANGE
Unspecified amounts would go toward “green materials procurement,” “coastal resiliency,” “climate research,” “energy efficient materials” and funding for a Civilian Climate Corps.
GREEN CARDS
A call for “lawful permanent status for qualified immigrants.” Doesn’t specify green cards would go to illegal immigrants, but many Dems want a path to citizenship for them included.
BUSINESS TAX HIKES
Although not spelled out, Biden has called for the top corporate tax rate to increase from 21% to 28%, and for a new 15% minimum global tax on corporate income.
TAX HIKES ON INCOME
Framework calls for “tax fairness for high-income individuals” and that higher taxes won’t impact “people making less than $400,000 per year.”
SALT CAP
Vaguely calls for “SALT cap relief,” which would benefit middle-class and wealthier residents of high-tax states like New York. A 2017 law capped at $10,000 the amount of state and local taxes that people could deduct before paying federal taxes.