(RepublicanNews.org) – As President Joe Biden finally got Democrats and Republicans to come together to push his $1.2 trillion infrastructure bill through, he continues to struggle to find support for his Build Back Better bill. The critical piece of legislation’s most significant problem is its hefty price tag. Yet, even that seems deceptive.
The White House claims that the president has drawn back some costs for his agenda and that the new price tag is only $2.4 trillion. That translates to approximately $17K per taxpayer.
However, the Committee for a Responsible Federal Budget (CRFB) recently uncovered in a new analysis that Biden’s plan could cost twice as much as he’s advertising. Instead of costing $2.4 trillion, the bill would actually cost $4.9 trillion, which translates to $34.2K per taxpayer.
The CBO will not lie and endorse Biden's lie that the $2T spending bill is totally "paid for."
The White House is reportedly telling Democrats to simply "disregard" the report (and math) and put their faith in Joe!
— Young Americans for Liberty (@YALiberty) November 16, 2021
That’s a significant difference.
Where do Democrats get their deflated numbers from to advertise lower prices than the actual cost of the bill? Well, they use temporary policies that they later turn permanent. An example of this is the proposed increase to the child tax credit for one year, which costs an advertised $130 billion. But Democrats say they want the increased child tax credit to remain in place permanently. If they had their way, it would cost closer to $1 trillion.
These “temporary” policies also allow Biden and his party to argue that his Build Back Better plan would only add $200 billion to the national debt through 2031. If Democrats make those policies permanent, the cost skyrockets to $1.5 trillion added to the national debt in just five years. That number would reach $3 trillion by the end of 2031.
Biden could at least be honest with the American people about how much his bill is actually going to cost. Right now, his numbers are misleading, and the margins are significant. American taxpayers can expect to see an increase in their taxes to help fund the bill if it passes as someone has to pay for all that money.
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