CBO says Build Back Better will add $3T to debt

[Mik]

White House says 'Fake Score'.

They are counting on sunset provisions in the bill to keep the bottom line down. This is a shell game, as once it's in no one will vote to take benefits away. It doesn't happen.

https://www.msn.com/en-us/news/other/cbo-says-spending-bill-would-add-3-trillion-to-deficit/vi-AARMzv8?ocid=msedgntp

[Axtremus]

Same tactic employed by both parties whenever they are in control. The 2017 tax reform, for example, provided tax rate reductions for individuals only for eight years, not "permanent" like for corporations.

... once it's in no one will vote to take benefits away. It doesn't happen

This is not true. Take a recent example: the enhanced child tax credit. Passed in one of the COVID-19 stimulus bills, it is set to expire this month and it looks like there is no vote to extend it.

[Mik]

Tax cuts are usually temporary, as are hikes. The enhanced child credit was meant to address COVID, a temporary situation. Free pre-K is not and once in it will never go away. You know that.

[George K]

@axtremus said in CBO says Build Back Better will add $3T to debt:

Same tactic employed by both parties whenever they are in control.

I recall @jon-nyc referring to the "Bush Tax Hike."

[Jolly]

I don't think we get by with $3T.