<p>CBPP: ‘Build Back Better’ Proposals Would Improve Racial Equity</p>

CBPP: ‘Build Back Better’ Proposals Would Improve Racial Equity

Center on Budget and Policy Priorities

The “Build Back Better” proposals in House reconciliation legislation “would help drive a more equitable recovery” through child tax credit expansion and raising high-income taxes, but could be improved by ending stepped-up basis and requiring financial institutions to report to the IRS, the Center on Budget and Policy Priorities said in a September 27 report.

<p>The “Build Back Better” proposals in House reconciliation legislation “would help drive a more equitable recovery” through child tax credit expansion and raising high-income taxes, but could be improved by ending stepped-up basis and requiring financial institutions to report to the IRS, the Center on Budget and Policy Priorities said in a September 27 report.</p>