Biden’s Successes For The American Dream

Biden never gave up fighting for the American Dream.  Let’s look at his many successes against Big Money for us regular Americans!

Historic $90 Billion Investment In High Speed Internet

Biden is investing $90 billion into high-speed internet (100 megabits per second download and 20 megabits per second upload speed) over the next 10 years for Americans in underserved rural areas.

The Largest Investment In Clean Drinking Water ($50 Billion) In American History

This investment includes a large amount of money for identifying and replacing the lead pipes that are poisoning about 22 million Americans across the country. 

 Giving Family Members Stuck Raising Children Massive Help

Biden is giving grandparents and other family members stuck with a child removed from its parents the same financial help that unrelated foster parents in the child welfare system get.

Fighting Family & Child Poverty

• Biden passed a Child Tax Credit during the pandemic that cut taxes for millions of families and cut child poverty in half.
• He wants to bring back that expired tax credit.

Improving Nursing Homes

Biden has set up minimum staffing requirements for nursing homes for the first time.

Eliminating Hidden Junk Fees & Bank Overdraft Fees

• at airlines
• at hotels
• at apartment rentals (to pay fees online, sort mail or collect trash, etc.)
• at car rentals
• at online ticket sellers like Live Nation and Ticketmaster

Biden’s crackdown has already saved consumers billions of dollars.

• Because of Biden, nearly 2/3 of large banks have eliminated overdraft or bounced check fees.
• Bounced check fees are down more than 85% since 2021—this alone saved Americans over $2 billion. 

Fighting Greedy Credit Cards

• Biden capped missed or late credit card fees at $8, down from an average of $32 at some large companies.
• This alone could save Americans $10 billion each year.
• Biden is making credit card comparison websites tilted to huge banks with very high interest rates to be less deceptive.
• He is also launching a government credit card comparison website that will make the best credit card interest rates far easier to find.

 Biden’s crackdown on junk fees is already saving Americans $20 billion a year.

 Wins Over Big Pharma For Regular Americans:

Biden greatly lowered medicine costs for everybody on Medicare.

• In 2024, after the deductible, someone with Medicare never has to pay more than $3,300 for all their medicines the whole year long, no matter how expensive their medicines are!
• In 2025, it gets even better! Those on Medicare won’t ever have to pay more than $2,000 for the whole year.

Biden lowered the price of insulin to $35 for the vast majority of diabetics.

• He gave everyone on Medicare insulin for $35 a month, instead of $400 a month.
• Biden forced drug companies to cut most of their insulin prices 75% to $35 a month for most diabetics.
• Under Biden’s new law, if they hadn’t, they would have had to pay Medicaid up to $150 per vial sold.
• Biden’s 2024 budget proposes to cap insulin at $35 for EVERYBODY and curb inflation on all prescription drug prices.

Biden passed a law letting Medicare negotiate drug prices, something politicians have tried and failed to do for decades. 

• Donald Trump tried to do this for a short time and failed.
• Biden’s government has already selected the first 10 medicines for reduced pricing, choosing those medicines costing Medicare the very most in total spending.
• This means millions of people will save up to $6,548 per month on very expensive heart, diabetes, arthritis and even cancer medicines.
• It will also save us taxpayers $160 billion in payments to Big Pharma.
• Biden wants to let Medicare negotiate the prices of 500 drugs over the next 10 years, to save another $200 billion.

Biden made recommended vaccines free for those on Medicare. 

Biden eliminated the 5% co-insurance for the catastrophic phase of Medicare.

Biden gave rebates to people on Medicare getting expensive medicines at hospitals and in doctors’ offices that skyrocketed in cost worse than inflation, saving people up to $449 per 3 months in lower coinsurance.

Biden passed the PACT Act, helping millions of veterans exposed to toxins who are now fighting over 100 cancers.

Biden’s Record High American Health Insurance Coverage

Biden & Obama made health insurance companies cover people with pre-existing conditions.  Before they passed the Affordable Care Act (ACA), insurance companies would either:

• reject people with expensive illnesses
• charge them extremely high rates for health insurance

Biden greatly improved the ACA, making health care far cheaper for regular Americans.

• He expanded the subsidies in the Affordable Care Act and eliminated the low income requirement of less than 4 times the poverty level.
• Biden’s changes kept ACA health insurance prices 50% lower than they would have been otherwise.

Because of Biden, we now have a record high of Americans with health insurance!

• States like New York and Massachusetts are now close to having universal health care!

Helping Homeowners & Renters, Record Home Construction

• Biden is cracking down on big landlords who share information illegally, fix prices and jack up rents.
• Biden is cracking down to lower closing costs for home mortgages.
• Biden has cut red tape so more builders can get federal financing, helping build a record 1.7 million housing units across the US.
• Now more houses are being built than at any time in the last 50 years.
• Biden has already expanded Housing Choice Vouchers to help over 100,000 additional families.
• Biden urged Congress to expand Housing Choice Vouchers to over 500,000 more families, including first-time ever voucher guarantees to low-income veterans and youth aging out of foster care.
• Biden wants Congress to pass a law to build and renovate more than 2 million homes, to lower housing costs for renters and homeowners.
• Biden’s new $20 billion in grants will produce hundreds of thousands of more affordable homes and rental housing to lower rents and housing costs.
• Biden cut mortgage insurance costs for Federal Housing Administration (FHA) mortgages, saving 850,000 homebuyers and homeowners $800 each year.
• Biden lowered the costs of refinancing homes, saving many homeowners up to $1,500.
• Biden proposed $10,000 in tax credits for first-time home buyers and a $10,000 tax credit for families wanting to sell their first homes.
• Biden is trying to expand the Low-Income Housing Tax Credit to build or preserve 1.2 million more affordable rental units.
• These Low-Income Housing Tax Credits save renters hundreds of dollars in rent each month.
• Biden proposed a new Neighborhood Homes Tax Credit, to help build or renovate over 400,000 affordable homes nationwide.
• Biden proposed each Federal Home Loan Bank double its contribution to the Affordable Housing program to raise and additional $3.79 billion for affordable housing and help 380,000 households get, build, and renovate affordable homes and rentals.
• Biden is eliminating title insurance fees for federally backed mortgages that can save you $1,000 or more when you refinance a home.
• Biden proposed investing $86 billion in the Office of Fair Housing and Equal Opportunity to fight housing discrimination against the poor, the elderly, racial minorities, and LGBTQ people and help abused women escape their abusers and get housing.
• Biden proposed up to $25,000 for down payments to help people whose families have never owned a home to buy their first home.
• This home down payment proposal would help 400,000 families buy their first home.

Fighting For Farmers, Ranchers & Renters

• Biden is fighting greedy, deceptive contracts huge corporations force onto farmers and ranchers.
• Biden is fighting landlords who force all renters to pay for broadband internet services even if they don’t want it.

Cleaning Up Dangerous Hazards

Biden has committed billions of dollars to fixing environmental hazards like

• sewage backing up in people’s homes and yards
• improving air pollution causing illnesses and deaths in poor neighborhoods