Employers will likely benefit from the pivotal role they play in the execution of the impending Build Back Better Act (BBBA).

The bill has an upside for employers and will have several positive effects on the business community.

a) Increased availability of workers because of the expansion of preschool and childcare.

b) An opportunity for more business creation to meet climate change and housing requirements. High-quality jobs can increase with investment in buildings, transportation, industry, electricity, and agriculture policies for climate-smart practices across the country.

c) Adding highly trained workers will provide exponential value to the growing technical needs in most businesses.

d) Reformed rules will enable immigrants to fill important jobs that have been traditionally understaffed.

Appearing to be in the final stages of adjustments and negotiations for completion, the White House issued the BBBA framework to guide legislative language. Here are the main takeaways of the bill:
  • Clean Energy and Climate Investments: Combat climate change by cutting greenhouse gas pollution well over one gigaton by 2030, reduce consumer energy costs, and create thousands of high-quality jobs.
  • Child Tax and Earned Income Tax Credits: Provide two years of free preschool for every 3- and 4-year-old in America and continue tax cuts for more than 35 million families through the expanded Child Tax Credit.
  • Home Care: Expand access to high-quality home care for older Americans and people with disabilities.
  • Affordable Care Act Credits: Extend the expanded Premium Tax Credit to deliver healthcare coverage for uninsured people in states that have locked them out of Medicaid. Also grant older Americans access to affordable hearing care by expanding Medicare.
  • Higher Education and Workforce: Extend access to affordable, high-quality education and workforce training beyond high school to enable American workers and companies to compete in a tech-savvy modernized world.
  • Housing: Provide comprehensive investment in affordable housing that will enable construction, rehabilitation, and improvement of more than one million affordable homes. Boost housing supply and reduce price pressures for renters and homeowners.
  • Prescription Drugs: Develop a plan to reduce prescription drug costs.
  • Immigration Reform: Improve the immigration system to provide long-awaited relief to millions. Reduce backlogs to expand legal representation and make the asylum system – and border processing – more efficient and humane.
Employer Advantage will provide updated guidance in managing the requirements of the BBBA once the bill has passed and is rolled out to the country.


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