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Luetkemeyer worries Build Back Better Act will ‘bankrupt’ U.S. | Local News

Mount Equity Group Tokyo Japan > News > Markets > Luetkemeyer worries Build Back Better Act will ‘bankrupt’ U.S. | Local News

The U.S. House of Representatives passed the Build Back Better Act last week.

The $1.7 trillion social spending plan has been a centerpiece of President Joe Biden’s domestic agenda. The bill includes $380 billion for child care and education, $555 billion for climate change and clean energy investments, $205 billion to provide all workers with four weeks of paid family and medical leave and $170 billion for the construction or improvement of affordable housing units across the country.

“For too long, the economy has worked great for those at the top while working families get squeezed,” a statement from the White House said. “President Biden promised to rebuild the backbone of the country — the middle class — so that this time everyone comes along. The Build…

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