President Joe Biden’s $6 trillion budget proposal for fiscal year 2022 includes a lot of provisions that will be helpful to Guam.
According to Gov. Lou Leon Guerrero, President Biden’s budget proposal includes eliminating the Medicaid funding cap for territories and aligning the matching rates for territories with those for states.
The governor said President Biden also included his support for moving toward parity in other critical federal programs, including Supplemental Security Income (SSI).
“Today, with President Biden’s support for changes to Medicaid for territories and parity in SSI and other programs, we see how meaningfully engaging our advocates at the federal level can yield positive outcomes for the people of Guam. Last month, I met with Gretchen Sierra-Zorita, the Associate Director for Puerto Rico and the Territories. We discussed at length how several federal laws and programs affect Guam, including Medicaid and SSI, and how our advocacy for impactful changes in these programs can benefit the people of Guam,” Leon Guerrero said in a statement in reaction to the President’s FY 2022 budget proposal.
She added: “President Biden’s budget proposal includes two major policy plans – the American Jobs Plan and the American Families Plan. Both plans make investments to lift the working class and many families who struggle to cover basic expenses for health care, education, and child care costs. As a mother, nurse, and the first maga’håga, I am proud to announce that President Biden’s proposal makes historic investments to provide paid family and medical leave, reduce health care costs, improve maternal health and reduce maternal mortality, end domestic and gender-based violence, and prepare for future public health emergencies.”
For his part, Lieutenant Governor Tenorio said President Biden’s budget proposal will help the Leon Guerrero-Tenorio administration address some of its key policy priorities.
“On homelessness, the proposal expands housing assistance, increases homeless assistance grants, and improves access to homeownership. On child poverty, it expands tax credits for families, provides critical nutrition assistance, and expands access to child care. On education, it provides free universal preschool and two years of free community college. Finally, on the climate crisis, the proposal makes significant investments in clean energy and reducing emissions. Help is here,” Tenorio said.
President Biden unveiled his fiscal year 2022 budget on Friday Washington DC time. It includes the President’s already previously announced initiatives, including the American Jobs Plan and American Families Plan.
It also includes Biden’s proposal to raise the corporate tax rate to 28% and increase the capital gains tax on the wealthiest Americans to 39.6%.