The Build Back Better rebuilds America's social safety net, expands health care and fights climate change. See how the bill does this with the help of data visualization.
We use the free Flourish app to follow the money from raising taxes on billionaires to investing in things such as a Medicare hearing benefit using data from the Committee For a Responsible Federal Budget.
“It puts us on the path to build our economy back better than before by rebuilding the backbone of America: working people and the middle class,” said President Biden.
This blog also explains how to use free data visualization tools like Flourish to create your own projects.
Data visualization makes sense of numbers
Make it easier for others to understand vital issues with a graphic. This Sankey Diagram shows how the plan raises and invest money in a simple animated graphic. Sankey diagrams consist of directed arrows or bands whose widths reflect the weight (e.g. the volume) of the flows from node to node. Present the same data in different ways with Flourish. The graphics are interactive and reveal more data when clicked on. They are also easy to share online or embed in a website.
Build Back Better
"The legislation could prove as transformative as any since the Great Society and War on Poverty in the 1960s, especially for young families and older Americans. The Congressional Budget Office published an official cost estimate on Thursday afternoon that found the package would increase the federal budget deficit by $160 billion over 10 years. More than half a trillion dollars would go toward shifting the U.S. economy away from fossil fuels to renewable energy and electric cars, the largest investment ever to slow the warming of the planet. The package would largely be paid for with tax increases on high earners and corporations, estimated to bring in nearly $1.5 trillion over 10 years." - NY Times
"The Build Back Better Act offsets these costs with tax increases on high-income earners and corporations, increased Internal Revenue Service (IRS) funding, prescription drug pricing reforms, and other revenue increases. Specifically, it would raise $320 billion from a 15 minimum tax on large corporations based on income reported to shareholders, $125 billion from a 1 percent surtax on stock buybacks, $280 billion from international tax reforms that include a global 15 percent minimum tax on foreign corporate earnings, and over $100 billion from other corporate tax changes. $230 billion of additional revenue would come from a 5 percent surtax on income above $10 million and an 8 percent surtax on income above $25 million." - CRFB