‘Build Back Better’ Programs Will Add $3 Trillion to Deficit if Made Permanent, CBO Projects

[Nostra]

Exactly

CBO:
This letter responds to a request from Senator Graham and Congressman Jason Smith for a projection of the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act. They specified modifications that would make various policies permanent rather than temporary.

The Congressional Budget Office and the staff of the Joint Committee on Taxation project that a version of the bill modified as they have specified would increase the deficit by $3.0 trillion over the 2022–2031 period. That amount includes three components: effects usually counted in CBO’s cost estimates, the effects of increased resources for tax enforcement, and effects on interest on the public debt. Under long-standing guidelines agreed to by the legislative and executive branches, estimates to be used for budget enforcement purposes include the first component but not the second and third.

In comparison, including the same three components, the version of H.R. 5376 that was passed by the House of Representatives would increase the deficit by $0.2 trillion over the 2022–2031 period, CBO projects. The largest difference between the two estimates stems from an increase in the child tax credit that ends after 2022 in the House-passed version of the bill.

Link me up to the last govt handout program that went away.

 

[Nostra]

That’s what I thought. Nothing.

 

[easyt65]

No one is talking about making these programs permanent, so this OP is a straw man.

Do you REALLY think Biden and Democrats are going to make 'affordanle day care' go away after 1 year?

Do you REALLY think Biden / Democrats want / intend for all these Marxist / Socialist programs to go away after 1 year...or 2?

Are you really that fucking stupid?

Social Security was originally intended to be a TEMPORARY program...tge President who signed it into law warned if allowed to continue it would end up being the Socialist BS nightmare it has become.

OF COURSE they intend it to become permanent.

You are the kind of fucked up moron who believed....

- Obama when ge said Obamacare would not cost a dime, would pay for itself, would lower the cost of health care premiums, and that if you liked your plan and doctor you could keep them....

- Pelosi when she declared she would not allow Impeachment against Trump move foreward unless she had 1) undeniable evidence and 2) bipartisanship.... she had neither.

...the check is in the mail, 'just the tip, I swear', and Biden saying 'I promise not to cum in your mouth'.....

BTW, you still have a little bit on your chin, snowflake.