5333 private links
“So if you’re talking about how we want to have immediate and enduring difference for the workers and families, creating jobs, securing middle-class tax cuts, lowering costs for families, and making the wealthiest pay their fair share, all the while contributing to reducing the national debt.” //
“Did I hear a laugh over there?
“Did I hear a laugh from those who added $2 trillion in tax cuts for the richest people in America, 83% of it going to the top 1%?
“This is paid for and more than paid for.” //
a new study from the prestigious Wharton School of Business destroyed Biden’s nonsensical claim that Build Back Better would not only cost “zero dollars” to America’s taxpayers but also that “zero dollars” would be added to the national debt as a result of BBB. Pelosi’s claims, then — that BBB will “contribute to reducing the national debt,” and second claim that BBB “is paid for and more than paid for” — constitute a demonstrable bald-faced lie.
Here’s a snippet from my article:
The bottom line: The study estimates the net cost of the Build Back Better bill would saddle taxpayers with an extra $2.42 trillion in debt.
The BBB plan is not paid for (as Biden and the Democrats claim); it would increase spending by $1.87 trillion, while increasing revenue by less than $1.56 trillion in the 10-year budget window.
And if all of the programs besides the clean energy credit become permanent, that would increase new spending by $3.98 trillion while revenue would only increase by $1.56 trillion.