Biden’s Build Back Better Bill has hit a brick wall in the Senate. After fighting its way through the House last month – passing with the help of 13 “Republicans” – it appeared the Bill would sail through the Senate.
But, with many Senators objecting to Bank Reporting Requirements, others objecting to doubling the size of the IRS and still others objecting to the expanded child credits the demise of the Bill was inevitable.
The objections to other items in the legislation, such as long-term home health care, generous child care subsidies, expanded Medicare benefits, universal prekindergarten and raising the cap on state and local tax deductions never really reached the stage for debate. .
The Senate is said to put the vote off until early next year, or maybe next March. But, according to Senator Graham, the “Bill is Dead Forever.”
Attorney Steven A. Leahy reviews the latest news articles about Biden’s Build Back Better Bill.
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649
