The proposed bill aims to raise $739 billion in revenue, spend $433 billion on climate change initiatives and health care subsidies, and reduce the budget deficit by about $300 billion.

Increased government revenue from:
- setting a minimum corporate tax at 15%
- closing existing corporate tax loopholes
- eliminating carried interest loophole
- increased tax enforcement
- allowing Medicare to negotiate with drug companies over prescription drug costs

Government spending on:
- clean energy tax credits, including a $7.5k tax credit for purchasing a new electric car and $4k for purchasing a used EV
- initiatives to reduce environmental pollution
- expansion of health care subsidies