CBO: Biden "fully paid" Build Back Better bill adds 100's of billions to deficit, even with all the accounting gimmicks

[C3D]

This is my shocked face. : |

CBO score says Biden spending bill will add $367B to deficit, without counting IRS tax enforcement​

The CBO released its full cost estimate on Thursday for President Biden’s social spending bill, dubbed the “Build Back Better Act,” fulfilling a demand from moderate Democrats who wanted more information about the legislation’s long-term financial implications.
"CBO estimates that enacting this legislation would result in a net increase in the deficit totaling $367 billion over the 2022-2031 period, not counting any additional revenue that may be generated by additional funding for tax enforcement," the CBO said in a release.
The Biden administration has argued the cost of the bill’s expansive social and climate programs is fully covered by offsets such as tax hikes on the wealthy and enhanced IRS tax enforcement. The CBO score undermines that position.

https://www.foxnews.com/live-news/biden-reconciiation-bill-house-vote-pelosi

 

[GOPerfect]

Yeah, like this is a surprise....

 

[Dr. Evil]

And the Brandon administration response to this report is????????

 

[fresch]

Derrrr

 

[spat]

And the Brandon administration response to this report is????????

"we were hoping for more. The demolition phase of 'build back better' won't complete on time without doubing that..."

 

[Saltwater60]

This is the part that matters if they are talking about taxing the rich more I can’t keep straight where they are at so they may have backed off on taxing the rich.

not counting any additional revenue that may be generated by additional funding for tax enforcement,

I’m assuming this statement means at current funding levels this is what it will add to the deficit. Now they know who much they need to tax the rich.