Update on Build Back Better Act
You might have seen the news that Senator Manchin drew a hard line against voting for the current version of the Build Back Better Act (BBBA). Unfortunately, the President and Senator Manchin were unable to come to an agreement before the end of the year. Senator Manchin's opposition increases pressure on the White House to shift closer to his position.
However, from what we are hearing, negotiations continue. Our understanding is that Senator Manchin presented an alternative BBBA proposal to the White House, spending the same amount of money, but in different ways. We believe home and community-based services (HCBS) was one of the items he expressed support for, and expect the White House and Senator Manchin to continue negotiations during and after the holiday.
Other items such as an enhanced Child Tax Credit, Earned Income Tax Credit, improvements to child care, Universal Pre-K, and investments in public housing might not be included in the legislation. We will provide updates to this as we are presented with additional information.