Congressman Tim Ryan Votes to Pass Transformative Build Back Better Act
Washington, DC – Congressman Tim Ryan (OH-13) today voted to passthe Build Back Better Act, legislation that is fully paid for by making big corporations and the wealthiest pay their fair share. This vote comes days after President Biden signed the historic Infrastructure Investment and Jobs Act into law. Together, the Build Back Better Act and Infrastructure Investment and Jobs Act will meet the urgent needs of Ohio families by creating jobs, cutting taxes, and delivering transformative investments that we need to compete with China.
“These landmark bills are about putting money in the pockets of the American people and providing the resources we need to compete against China. I am proud that these bills cut taxes for working families, provides universal pre-school, cap child-care costs, ensure seniors don’t have to pay out of pocket for hearing aids, rebuild our roads and bridges, grow our domestic electric vehicle industry, remove dangerous lead pipes, create strong Buy America provisions, and so much more. We have to have the guts to take on China, lead the economies of the future, and put our families and our workers first. These bills do just that,” said Congressman Tim Ryan.
Build Back Better Act:
The Build Back Better Act will be transformative deliver for nearly every Ohio family, delivering historic investments that meet their needs in the wake of the pandemic and ensuring that all can share in the benefits of a growing economy. These provisions include:
- Child care: The average annual cost for child care in Ohio is $8,698. The Build Back Better Act expands access to free or reduced cost child care for 745,004 Ohio children. Families earning under 2.5 times the Ohio median income (about $219,983 for a family of 4) are eligible for the free or reduced cost child care. It also ensures that no Ohio family pays more than 7% of their income on child care.
- Early education: Only 30% of 3- and 4-year-olds in Ohio have access to publicly funded pre-K, while the average cost of private pre-K in Ohio is $8,600. The Build Back Better Act expands access to free, high-quality pre-K to 160,608 three and four year old Ohioans – setting children up for lifelong success and saving their parents thousands of dollars.
- Health care: The Build Back Better Act expands the Affordable Cart Act to make coverage more affordable for those who buy insurance on their own. It ensures Americans with diabetes don’t pay more than $35 per month for their insulin. It means 116,300 seniors will save hundreds of dollars a year with the expanded Medicare coverage of hearing aids. And it creates a new, out-of-pocket cap of $2,000 on what seniors pay for their drugs in Medicare Part D.
- Cut taxes: The Build Back Better Act extends the Child Tax Credit (CTC) increases of $300/month per child under 6 or $250/month per child ages 6 to 17. It will also provide a tax cut of up to $1,500 in tax cuts for 651,600 low-wage workers in Ohio by extending the American Rescue Plan’s Earned Income Tax Credit (EITC) expansion.
- Workforce development: The Build Back Better Act makes generational investments in higher education, workforce training, affordable housing, nutrition assistance and more. These invests will prepare Ohio’s workers for high-quality jobs in fast-growing sectors like public health, child care, manufacturing, IT, and clean energy. 43 public community colleges in Ohio will have the opportunity to benefit from grants to develop and deliver innovative training programs and expand proven ones.
- Housing: The Build Back Better Act expands rental assistance for Ohio renters, while also increasing the supply of high-quality housing through the construction and rehabilitation of over one million affordable housing units nationwide. It addresses the capital needs of the entire public housing stock in America and includes one of the largest investments in down payment assistance in history, enabling more first-generation homebuyers to purchase their first home.
- Paid Family and Medical Leave: The Build Back Better Act establishes a universal and permanent paid family and medical leave program, providing four weeks of paid parental, family caregiving, and medical leave.