costs of life saving prescription drugs. we re going to confront the cost of living issues on the fiscal policy side. joe biden has been a tremendous leader in that regard. we re also going to have to hear some ideas on the monetary policy side and i look forward to hearing what chairman powell has to say in that regard. now congressman, to our viewers, area out on the street in new york city because you were at an structure event with chuck schumer talking about how some of that money is going to be put to use in your community. i m curious how you re selling build back better to new york. there s a lot of discussion about it on capitol hill. a lot of folks only know the name of the bill, and its price tag. how are you talking about that in new york? how are you making that bill s potential impact known? well, the build back better act is going to create good-paying american jobs, millions of them, all across this great country in a city of america, rural america, suburban
morning? well this was great day in a great week for the american people. a great week for the country. a great week for the biden agenda. as well as the house democratic caucus. we began the week of course with president biden signing the bipartisan infrastructure agreement. it s going to create millions of good paying jobs. invest in our crumbling bridges and roads and airports. mass transit system and water system. bring about high speed internet. throughout the country. urban america, rural and in between. we ended the week by passing this transformational legislation that will also create millions of good paying jobs. cut taxes for working families. and drive down and lower costs in areas like child car care and healthcare. life saving prescription drugs. housing. higher education. and so, it s fair to say we re feeling pretty good.
specifically calculate in these estimates is what will the effect be on inflation of this legislation. what is your best analysis of that? well, leading economists across the country, including those at moody s have made clear that the bill will not add to any inflationary issues that we re dealing with in america, and here s what s most important, in this legislation, we are going to lower costs in the area of child care, for instance, the average american family pays about $8,600 per year in child care. for many americans we will lower that to 0, and certainly no more than 7% of their annual income. we re going to lower costs in the area of health care, drive down the high cost of life saving prescription drugs. many seniors now pay about $6,000 per year, even if they re on a fixed income. we re going to drop that to no more than 2,000, and perhaps
these estimate, is what will the effect be on inflation of this legislation? what is your best analysis of that? well a leaning economists across the country, including those at movies, have made clear that the bill will not add to any inflation that we are dealing with in america. and here is what is most important. in this legislation, we are going to lower cost in the area of child care. for instance, the average american family piece about 80 $600 per year in child care. for many americans, we will lower that zero. and certainly no more than 7% of their annual income. we are going to lower cost in the area of health care, drive down the high cost of life saving prescription drugs. many seniors now, pay about $6,000 per year. even if they are on a fixed income. we are going to drop that to no more than 2000, and perhaps lower for many seniors
chris: let s start what president trump said about the democratic impeachment effort at a rally this past week in florida. here he is. the failed washington establishment is trying to stop me because i m fighting for you and because we re winning, very simple. chris: congressman, wouldn t democrats have a stronger case against the president if you hadn t been talking about impeaching almost from the day he took office? well, chris i disagree with that premise and as it relates to this impeachment inquiry we re in right now, we are here reluctantly. the impeachment of a president is not something we came to congress to do. we came to congress to get things done, to work with this president, to drive down the high cost of life saving prescription drugs. we hope to pass a bill in the house over the next three weeks that would do that. we actually indicated we want to work with president trump to fix our crumbling bridges, roads tunnels, airport and mass transportation system and to wo