5333 private links
The CBO released another estimate that showed the true cost of the BBB bill after all the “temporary” programs in it are extended. That’s been the Democrat game. Just like with Obamacare, the Democrats wanted the BBB bill to be scored with more years of funding than programs. But that’s not how things work in the real world. So what’s the real number? You may want to grab a towel because it’s going to make your eyes water
Ryan Struyk
@ryanstruyk
·
Dec 10, 2021
CBO finds that, if the child tax credit, child care provisions, SALT deduction, health insurance subsidies and more in Build Back Better were made permanent instead of for limited timeline, the bill would add $3.0 trillion to the debt over next decade, instead of $0.2 trillion.
U.S. CBO
@USCBO
CBO and the Joint Committee on Taxation project the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act, that would make various policies permanent rather than temporary. https://cbo.gov/publication/57673
Ryan Struyk
@ryanstruyk
President Biden two weeks ago on possible BBB extensions: "Here is what those critics are not telling you. They’re not telling you that I’ve committed to paying for every single program that extended, if any are, in future legislation, whether that’s for a day or a decade."
11:18 AM · Dec 10, 2021