The fragments of Build Back Better are about to get a vote this weekend. It looks like the package has agreement from all 50 Democratic Senators at the moment now that the final component of the sausage making process had some things adds and some things removed.
NEW: DEMOCRATS REACH DEAL WITH SINEMA ON TAXES.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation.” She will move forward after parl review.
— Tony Romm (@TonyRomm) August 5, 2022
The big health policy things in here are:
- Three year extension of ACA ARPA subsidies
- Significant redesign of the Medicare Part D benefit to create an actual catastrophic out of pocket cap and insurance protection
- Big drug pricing changes
There are a bunch of tax provisions that I have no ability to judge and a lot of environmental and climate provisions that the experts who follow these things are saying are necessary and useful.