Concord Coalition: CBO Score of Permanent Costs of Build Back Better Act Show $3 Trillion Increase in Deficits
December 11, 2021
December 11, 2021
WASHINGTON, Dec. 11 (TNSPol) -- The Concord Coalition issued the following news release on Dec. 10, 2021:
According to an analysis released today by the nonpartisan Congressional Budget Office (CBO), the costs of making key provisions in the Build Back Better Act (BBBA, H.R.5376) permanent would increase budget deficits by $3 trillion over the 2022-2031 period, including higher net interest payments on the new debt.
"The CBO report is proof that the budget gimmick . . .
According to an analysis released today by the nonpartisan Congressional Budget Office (CBO), the costs of making key provisions in the Build Back Better Act (BBBA, H.R.5376) permanent would increase budget deficits by $3 trillion over the 2022-2031 period, including higher net interest payments on the new debt.
"The CBO report is proof that the budget gimmick . . .