Economy / FinancePolitics

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


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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