Economy / FinancePolitics

‘Build Back Better’ Could Cost $3 Trillion Over Next Decade if Permanent, CBO Says

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The Congressional Budget Office (CBO) released an analysis on Friday estimating that Biden’s ‘Build Back Better’ (BBB) plan could increase the federal deficit by $3 trillion over the next decade if the proposed programs are made permanent. The CBO also estimated on Nov. 18 that the legislation would increase the nation’s deficit by $160 billion over the next decade if the programs were not made permanent. The $1.7 trillion BBB initiative passed by the House of Representatives last month would establish universal preschool, expand Medicaid, provide green energy tax credits, and add roughly $1.95 trillion in new taxes, Fox News…

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