There are tax breaks for buying electric vehicles, including a $4,000 tax credit for purchase of used electric vehicles and $7,500 for new ones.
One is a 10-year consumer tax credit for renewable energy investments in wind and solar. It's broken down to include $60 billion for a clean energy manufacturing tax credit and $30 billion for a production tax credit for wind and solar, seen as ways to boost and support the industries that can help curb the country's dependence on fossil fuels.įor consumers, there are tax breaks as incentives to go green. The bill would invest $369 billion over the decade in climate change-fighting strategies including investments in renewable energy production and tax rebates for consumers to buy new or used electric vehicles. costs so much more than in other countries.ĬLEAN ENERGY TAX CREDITS FOR PRODUCERS AND CONSUMERS
So what exactly are we paying for? NBCLX storyteller Peter Hull breaks down why health care in the U.S. But the bill would allow the assistance to keep going for three more years, lowering insurance premiums for people who are purchasing their own health care policies.Īmericans' health care expenses are double that of other wealthy nations, but we don't use health care more, and we're not healthier on average. Under earlier pandemic relief, the extra help was set to expire this year. The bill would extend the subsidies provided during the COVID-19 pandemic to help some Americans who buy health insurance on their own. EXTENDS PANDEMIC-ERA SUBSIDIES FOR HEALTH INSURANCE Money would also be used to provide free vaccinations for seniors, who now are among the few not guaranteed free access, according to a summary document.
Those new revenues would be put back into lower costs for seniors on medications, including a $2,000 out-of-pocket cap for older adults buying prescriptions from pharmacies. Launching a long-sought goal, the bill would allow the Medicare program to negotiate prescription drug prices with pharmaceutical companies, saving the federal government some $288 billion over the 10-year budget window. Sign up for NBC South Florida newsletters. Get South Florida local news, weather forecasts and entertainment stories to your inbox.
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