Despite Biden’s Claims That His Budget is ‘Free,’ CBO Says Plan Will Add $3 Trillion to Deficit
Despite Joe Biden’s constant claims that his trillion-dollar budget plan will “pay for itself,” the CBO now says that Biden’s disastrous Build Back Better plan will add $3 trillion to the deficit.
According to a new Congressional Budget Office cost analysis, Biden budget would kill the deficit even though Biden and Harris keep claiming that the Build Back Better bill (BBB) would somehow be free because it pays for itself.
The CBO proves that Biden is lying.
Per Just The News:
The legislation contains universal pre-K, support for child care, home health care funding, Medicaid expansion, about $550 billion for climate change initiatives and more. The bill contains tax increases on corporations and those in the top income tax bracket. It also extends the expanded child tax credit of up to $3,600 and eliminates the federal cap on state and local tax deduction.
“I very much appreciate CBO scoring Build Back Better without budget gimmicks,” said South Carolina GOP Sen. Lindsey Graham, ranking member on the Senate Budget Committee. “We all know that the new provisions will not sunset — they never do.”
West Virginia Democratic Sen. Joe Manchin, a pivotal vote for the Democrats on Biden’s bill, called the CBO’s latest analysis “very sobering.”
“We’re going to talk about exactly what happened on Friday with the CBO score and inflation reports and things of that sort,” Manchin said, referencing his upcoming meeting with Biden.
With the CBO’s analysis, Sen. Ron Johnson said the score dispels “the lie that BBB is fully paid for and will not add a dime” to the nearly $29 trillion national debt.
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