The Neverending Story: Build Back Better Legislative Edition

Andrew Donaldson

Born and raised in West Virginia, Andrew has been the Managing Editor of Ordinary Times since 2018, is a widely published opinion writer, and appears in media, radio, and occasionally as a talking head on TV. He can usually be found misspelling/misusing words on Twitter@four4thefire. Andrew is the host of Heard Tell podcast. Subscribe to Andrew'sHeard Tell Substack for free here:

Related Post Roulette

2 Responses

  1. Philip H says:

    “We anticipated that there’s apparently a legitimate difference of opinion,” Rep. Kurt Schrader (D-Ore.), a key moderate, said on Tuesday. “I talked to the CBO guy [Phillip Swagel] last week and even he admitted there’s just different interpretations of how the consumer is going to react.

    Man’s got a point.

    And let’s be honest – a “bad” CBO score never stopped Republicans from doing what they wanted so I’m not sure why it should stop Democrats, especially when those democrats are trying to pass legislation to help actual Americans.Report

  2. Philip H says:

    Looks like the House will vote today, with the CBO Score now out:

    CBO estimates that enacting this legislation would result in a net increase in the deficit totaling $367 billion over the 2022-2031 period, not counting any additional revenue that may be generated by additional funding for tax enforcement.

    https://www.cbo.gov/publication/57627

    That lack of inclusion of potential revenue is important, if even half the fund Treasury expects to generate come in this will be a budgetary nothing burger:

    The Treasury Department has contended the provision will generate another $400 billion and pay for the plan. The CBO estimated it would lead to only $127 billion more in net revenue, which would leave the bill’s spending roughly $250 billion short of being fully offset. That would put it approximately in line with the CBO’s estimated deficit impact for the bipartisan infrastructure law Biden signed earlier this week with the support of Republicans and centrist Democrats alike.

    https://www.cnbc.com/2021/11/18/build-back-better-act-vote-cbo-releases-score-of-biden-plan.htmlReport