Aug 10, 2022 1 min, 13 secs

WASHINGTON — The Democratic spending bill making its way through Congress includes a series of benefits for consumers, including tax credits for clean energy household products and electric vehicles, as well as savings on prescription drugs and health insurance premiums.

The legislation includes over $400 billion in spending on energy and health care programs, with more than $700 billion in revenue through drug savings and higher taxes on corporations.

The credit would drop for vehicles that don't meet all the requirements for electricity power and mineral or battery components, according to details provided to NBC News by the Senate Finance Committee.

The bill includes a grab-bag of benefits to encourage the use of clean energy items in homes over the next decade.

That includes “solar electric, solar water heating, fuel cell, and small wind energy, and geothermal heat pumps,” according to the Senate Finance Committee.

The legislation would replace a lifetime cap on credits with a $1,200 annual credit ceiling, offering $600 for energy-efficient windows and $500 for doors.

For Medicare beneficiaries, the legislation would impose a $35 monthly cap on the cost of covered insulin products starting in 2023.

A Health Affairs study last month found that 41% of people who use insulin were on Medicare.

The bill would prevent a sharp hike in health insurance premiums for Affordable Care Act plans that were scheduled to hit next year by extending enhanced funding for the ACA that was passed under the American Rescue Plan for three more years, through the end of 2025

1. Doobie Brothers original drummer John Hartman dead at 72 - Daily Mail
Sep 23, 2022 # entertainment 1 min, 13 secs
2. What Is the Blood Type Diet, and Is It Worth the Hype? - The Everygirl
Sep 26, 2022 # health 1 min, 39 secs
3. IDB directors vote unanimously to recommend removal of Claver-Carone -sources
Sep 23, 2022 # breaking 1 min, 44 secs
4. Teen Girl at Center of Fontana Amber Alert Killed in Shootout With Police After Pursuit - NBC Southern California
Sep 28, 2022 # politics 42 secs
5. Roger Federer pairs with Rafael Nadal in last match, falls in doubles at Laver Cup - ESPN
Sep 24, 2022 # politics 2 mins, 30 secs
6. Democrats in Florida seek to win over Latinos on gun control
Sep 25, 2022 # breaking 1 min, 12 secs
7. Stardew Valley Creator Shares Update On Version 1.6 Release - Nintendo Life
Sep 25, 2022 # technology 54 secs
8. Millions of Americans will save on Medicare fees next year
Sep 27, 2022 # breaking 47 secs
9. Woman, 22, dies by suicide after battle with Lyme disease - Insider
Sep 23, 2022 # health 31 secs
10. Alec And Hilaria Baldwin Just Had Their Seventh Kid, And I Think I Need To Lie Down Over The Name - BuzzFeed
Sep 25, 2022 # politics 3 secs
11. First look: Nvidia DLSS 3 - AI upscaling enters a new dimension -
Sep 28, 2022 # technology 4 mins, 42 secs
12. Virus Modified to Kill Cancer Cells Appears to Have Saved a Patient's Life - Futurism
Sep 25, 2022 # health 33 secs
13. 2023 BMW M2 Leaked Photos Reveal Exceedingly Angular Design Cues - autoevolution
Sep 24, 2022 # technology 3 secs
14. Bills' Micah Hyde to miss rest of NFL season with neck injury, placed on IR: report - Fox News
Sep 24, 2022 # politics 43 secs
15. From the Fed to Europe's currency crisis, here's what's behind this selloff in financial markets - CNBC
Sep 23, 2022 # politics 1 min, 48 secs
16. Iran protests Western stance on mass protests over woman's death - Reuters
Sep 25, 2022 # politics 1 min, 25 secs


Get monthly updates and free resources.


© Copyright 2022 365NEWSX - All RIGHTS RESERVED