the long and short of this agenda (courtesy of a ResetERA post:
GROCERIES AND FOOD
- First-ever federal ban on corporate price gouging on food and groceries
- Set clear rules so that corporations can’t unfairly exploit consumers with pricing to run up excessive corporate profits
- Empower the FTC and state attorney generals to investigate corporations for violating the rules
- Aggressively regulate mergers and proposed consolidation among food producers and grocers
HEALTHCARE
- Expand the $35 insulin cap for Medicare to all Americans, not just the elderly ones
- Cap all Americans annual out of pocket prescription drug spending at $2,000/year
- Ramp up Medicare negotiations with drug companies over their most expensive drugs
- Regulate pharmaceutical companies that block competitive and abusive practices by middlemen
- Cancel medical debt for millions of Americans
TAX CUTS
- Extend Inflation Reduction Act subsidies and lower premiums for ACA
- Expand Earned Income Tax Credit by up to $1,500
- Restore the $3,000 per child tax credit from the Inflation Reduction Act
- Expand the Child Tax Credit so that even the poorest of families receive it (currently families need to make a high enough annual income to receive it)
- Increase the Child Tax Credit to $6,000 per child for first year newborns
HOUSING
- $25,000 down payment assistance for first time homebuyers who have paid rent on time for at least two years
- Tax credit incentives for home builders who build starter homes sold to first time homebuyers
- Build 3 million homes
- $40B to local state governments for building housing
- Pass the Stop Predatory Investing Act, legislation that would prohibit investors who acquire 50 or more new single-family rental homes from deducting interest or depreciation on the properties.
- Pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, legislation that cracks down on companies that allow landlords to collude to set high housing prices via software and price-setting algorithms.
Please I am begging you all I want is affordable healthcare. Is Medicare for All not brat-coded enough?
I think she wants you to just rack up a bunch of medical debt so she can cancel it, gotta think in loopholes like the big companies
It sounds to me like limiting spending, and reigning in those predatory intermediaries, would reduce that medical debt in the first place. Or am I missing something?
I think the point is that even with caps on spending, it’s still possible for people to fall into a financial hole. Even just looking at the prescription proposal, $2000 may not be a lot for some, but for others, that’s a good chunk of change. And is that $2000 per person? Is there a limit for a family? Because if not, for a family of 4, $8000 is a lot.
And of course, this doesn’t address the medical procedures themselves.
I’m explaining the other person’s position as I’ve read it. To me, any step in the right direction, even if small, is a good thing. But I could see why others would be like “Come on, stop beating around the bush, M4A already!”
A whole lot of small but meaningful improvements… that nonetheless depress me on account of the fact that this is apparently the most we’re allowed to vote for. And they’re not even guaranteed in the least.
Still, I can at least keep going by remembering that this is a presidential race, and is thus among the least democratic aspects of the country, short of things like the Supreme Court. There are better, more impactful things for me to focus on.
Tax credit would be huge to reduce childhood poverty, but the housing changes would be amazing for transforming so many lives…
Tax credits are nice, but are least likely to help people in poverty. A lot of them can’t wait to claim the credit and if it’s not refundable it may not help them at all.
- Expand the Child Tax Credit so that even the poorest of families receive it
Should also be noted that the covid tax credit drove childhood poverty to 8%.
In 2021, bolstered by federal pandemic relief, economic security programs drove the poverty rate down to a record low of 8.0 percent. The expiration of that aid drove poverty back up in 2022, to 12.4 percent. The number of people living in poverty fell by 14.5 million between 2019 and 2021 and rose back up by 14.5 million in 2022. - Source
It should be noted that the covid era tax credit was also redeemable by those below the income threshold.
Holy shit. These changes would be awesome. Not only would some of these changes help people in America, but I bet the ideas would spread elsewhere, too. Please oh please I want price gouging of groceries to stop.
Plus the rent stuff is huge too. People are struggling out here.
I’ve gotten a handful of raises over the past 4 years, and they have all been under inflation, so they might as well be demotions. LOL
I had a conservative coworker having her second and final child who won’t qualify for this tax credit by the time it goes through (if ever), and I must say:
LoL
Tell me more about how God gave Israel to the Jews (but they’re still going to hell)
