Summary of Cost Estimate for the Build Back Better Act(cbo.gov)

5 pointsby drocer88vor 5 Jahren4 comments

Summary of Cost Estimate for the Build Back Better Act

https://www.cbo.gov/publication/57627

4 comments

WalterGRvor 5 Jahren

"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."

As one comparison, "[Steven Mnuchin's] own department’s analysts now peg the 10-year cost [of the Trump administration's tax cuts] at $2.3 trillion given the administration’s assumption that tax breaks for individuals and large estates will be extended past 2025." (Politico)

The spending deficit of the US government will be $2.8 trillion in 2021. $367 billion / 10 years = 1.3% of the 2021 deficit.

biren34vor 5 Jahren

I have no idea of what's in this bill or not, but the very concept of "cost" in this case seems misleading.

What's the "cost" of not investing in our nation's infrastructure?

missinfovor 5 Jahren

I just looked at the Build Back Better bill for the first time. It's 2,135 pages. How many people actually read and understand such a thing before deciding whether it should be passed or not?

imjustsaynvor 5 Jahren

A bill like this probably has 0 complete readers and many distributed readers. About 1644 folks will read it (in part) to summarize for 538 folks... roughly split 50/50 (folks lookin to shoot it down versus folks that want to pass it).

There will untold numbers of folks with their own axes to grind, cherry-picking a sentence or two for/against their particular cause,

Democracy... a mess worth dying for?

edit: cause not clause.