Consumer Energy Perks
There would be tax credits for consumers who add renewable energy items to their homes, under the legislation, including efficient heat pumps, rooftop solar, electric HVAC and water heaters. The plan also includes $9 billion for home energy rebate programs for low-income consumers to make their homes more energy efficient and $1 billion in grants for affordable housing energy upgrades.
Drug Prices
The bill would direct the government to negotiate with drugmakers for lower prices on certain medicines, and cap what seniors on Medicare pay for drugs each year at $2,000. The measure also requires pharmaceutical companies to rebate Medicare if they raise the prices of their drugs more than just account for inflation.
Obamacare Premiums
The plan would also extend to 2025 an expansion in Affordable Care Act premium subsidies that’s currently set to end at year-end. This will lower prices for millions of Americans, according to a summary of the deal.
This article was provided by Bloomberg News.