Big kudos to the @nytimes for telling the truth; Democrats are lying about the cost of this bill, from Biden, Harris, Psaki, Pelosi on down. Manchin and Sinema are the rare honest ones.
In Spending Bill, Democrats Rely on Budget Gimmicks They Once Derided nytimes.com/2021/11/04/us/…
In Spending Bill, Democrats Rely on Budget Gimmicks They Once Derided nytimes.com/2021/11/04/us/…
"...will be fully paid for with an estimated $2 trillion in tax increases on corporations and high earners.
But budget experts...say true cost of the legislation will be closer to $4 trillion because of the way the programs are structured and accounted for in budgetary process.
But budget experts...say true cost of the legislation will be closer to $4 trillion because of the way the programs are structured and accounted for in budgetary process.
"Many of the provisions would expire, or “sunset” after only few years, even though Dems anticipate that they would eventually be extended...reduces their overall cost during 10-year budget window that Congress uses to determine whether a bill will add to the federal deficit."
"That is especially important given the way in which Dems are trying to pass the bill. Lawmakers have limited room for adding to deficit over 10-year period because of budget procedure known as reconciliation that will allow them to pass the legislation without Republican votes."
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