counter statistics
Politics News

Good news for Democrats CBO score means full pay for better rebuilding

Democrats got good news, as the CBO’s conservative score of Build Back Better means the bill will be more than paid in full.

There were some accurate headings that say it the CBO found that Build Back Better slightly increased the deficit, but this was without the tax application.

The White House explained why this is good news for Democrats in a statement provided to PolitcusUSA:

  • Good news for Democrats – the cost elements came in lower than the White House estimates – in the $ 50 billion lower cost ballpark.
  • Prescription drug reform savings rose $ 50 billion – to $ 300 billion compared to the White House’s estimate of $ 250 billion.
  • This means that the bill will be paid more than in full.
  • As long understood, CBO’s figures on tax enforcement are lower than the Treasury’s estimates. Democrats have known this for a long time and expect it will not be a problem.

Here is a graph of the updated numbers for Build Back Better:

BBB Score Update

Democrats prepared for a bad CBO score. What they got was very good.

Democrats have been preparing for a bad CBO score for weeks and are making plans for how they would still pass the bill if the numbers were not as good as they expected.

What Democrats got was a score that differed slightly from their projections based on the CBO expecting less revenue from tax enforcement.

The news is very good, as the House is moving forward with the passage of the bill, and there is no reason why the Senate can not get it done before Christmas and on President Biden’s desk.


Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button