Building Back Better

Brownstein Hyatt Farber Schreck

Congress recently voted on a $1.9 trillion COVID-19 stimulus package—the American Rescue Plan Act (ARPA, P.L.117-2). It includes stimulus checks for individuals, expanded unemployment benefits, and funding for vaccines, state and local governments, schools and child care. The ARPA marks a huge win for the Biden administration during its first 50 days in office.

Before the ink is dry, the administration has already pivoted to the second phase of the Biden agenda: Build Back Better. While ARPA was largely a relief bill, the next phase will be about rebuilding the economy, starting with a multitrillion-dollar plan that includes infrastructure, green energy and incentives to bolster domestic manufacturing. It will also build upon the individual relief provided in the first bill and seek to make those provisions permanent and will likely be paid for by corporate tax rate increases, a repeal of oil and gas tax breaks and increases in taxes on the wealthy.

As discussions progress, this weekly newsletter will summarize the latest developments on the Build Back Better agenda and provide intel from discussions on Capitol Hill and the Biden administration, giving our readers insight on the latest state of play on the next package.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Brownstein Hyatt Farber Schreck | Attorney Advertising

Written by:

Brownstein Hyatt Farber Schreck
Contact
more
less

Brownstein Hyatt Farber Schreck on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.