What’s in the Build Back Better bill, and why will it cost $3.5 Trillion? The Democratic supported bill includes a host of items, including…
- Monthly payments to parents
- Universal prekindergarten
- Free community college
- Paid family leave
According to a recent article (found here), “Democrats envision the bill as their last, best chance to expand the federal safety net while they control the White House and both chambers of Congress. They have likened the bill to the New Deal of the 1930s, which created Social Security retirement insurance — one of the most successful and popular federal programs of all time.”
The challenge for Democrats, of course, will be to find ways to pay for the bill that don’t upset moderate Democrats, and reduce the chance that the bill will pass. This is where potential changes to Section 1202 QSBS may come into play.
CapGains Inc. is following this legislation closely and is forming a coalition to stay abreast of developments – keep up to date here.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.