The New York Post reports, “The Congressional Budget Office projected Friday that President Biden’s sweeping social spending bill would add $3 trillion to the federal deficit once so-called ‘budget gimmicks’ that critics like Sen. Joe Manchin say hide the true cost are stripped out.

Inflation up 6.8% over the last 12 months and the CBO estimates Biden’s trillion dollar tax-and-spend plan will add $3 trillion to the debt.

Next year would be a good year to take back the Senate and the House and end this nonsense. https://t.co/LdwFz3rcED

— Senator Rand Paul (@RandPaul) December 10, 2021

The nonpartisan CBO’s estimate came in response to a request from Sen. Lindsey Graham (R-SC) and Rep. Jason Smith (R-Mo.), the ranking member of the House Budget Committee, for a report — or ‘score’ — of a version of the Build Back Better Act that would not wind down programs including universal child care, an expanded child tax credit, an increase in the cap on state and local tax deductions, and health insurance subsidies.”

Read the entire story.

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Reason’s Eric Boehm writes, “President Joe Biden’s Build Back Better Act is likely to end up costing taxpayers about double what the official price tag suggests, and much of that hidden cost will end up being added to the national debt.

If all the Build Back Better plan’s proposals were made permanent, the final price tag would be $4.8 trillion and the bill would add about $2.8 trillion to the deficit.https://t.co/eUhD1G1eRQ

— reason (@reason) December 2, 2021

That’s the conclusion from two independent analyses of the proposal released in recent weeks. Both rely on a key assumption that did not figure into the Congressional Budget Office’s (CBO) analysis of the bill: that the Build Back Better plan’s various policies will be in place for at least the next 10 years.

‘The Build Back Better Act relies on a number of arbitrary sunsets and expirations to lower the official cost of the bill,’ explains the Committee for a Responsible Federal Budget (CRFB), a nonprofit that advocates for balanced budgets. The group’s newly updated analysis of the Build Back Better plan finds that the package will cost an estimated $4.8 trillion over 10 years if all provisions are made permanent—double the price tag applied by the CBO last month.”

Read the entire column.

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Democrats are attempting to forge ahead with a bill that has no CBO score, saying we’ll “stay here as long as it takes.”

It doesn’t matter what they take out, the bill is still complete crap. pic.twitter.com/vxMmo2NEri

— Congresswoman Kat Cammack (@RepKatCammack) November 17, 2021

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