A new analysis says that President Biden’s Build Back Better legislation would cost $4.9 trillion — well above its public $1.75 trillion price tag.
After Democratic leadership had difficulty winning moderate lawmakers like Sen. Joe Manchin (D-WV) and Sen. Kyrsten Sinema (D-AZ) to their $3.5 trillion reconciliation bill, a smaller package was introduced. The most recent version of the legislation drops paid family leave, but retains universal preschool, childcare subsidies, and climate change initiatives.
Though the bill has a $1.75 trillion face value, the Committee for a Responsible Federal Budget released a report on Monday stating the true cost may be $4.9 trillion due to a number of “arbitrary sunsets and expirations.”
Read more at The Daily Wire