"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.
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?
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,
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[ 2.9 ms ] story [ 18.9 ms ] threadAs 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.
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.
What's the "cost" of not investing in our nation's infrastructure?