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Manchin saved this country
Chief
That is correct for now, but Schumer vows to take to take it back up in 2022.
My take is that BBB will never pass in its current form. Not enough support in Congress, and most Americans have no idea what’s in the bill.
https://www.cbpp.org/research/economy/inflation-concerns-should-not-impede-enactment-of-build-back-better
https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/build-back-better-act-hr-5376-inflation
This “bbb inflation” point is a Republican bully pulpit propaganda point. It’s being deseminated thru all these channels to confuse / push to their bases. Don’t be fooled, please just read research yourself.
Ah yes. It’s that simple. Trickle down economics was also so black and white. Proved to be so simple like economics 101 and worked like a charm.
Not convinced that the programs in BBB were designed in a way to provide the best benefit for the county.
Yes child care is expensive, but if we are going to subsidize it there should be higher quality education requirements.
🤞🏼
Rising Star
Yes
Tell me specifically how he saved the country. I love when people use straight ticket reasoning to make these statement
BBB would add to the inflation problem. Not saving the country, but helping to reduce the inflationary damage to our economy.
I suspect you couldn’t find any credible sources
Great reference, honestly.
On the CBO scoring of the BBB - CBO score looks quite good for the BBB. It found that the bill will increase the deficit, but within a margin that should permit an important principle to kick in: While we should take the CBO’s analysis into account, we should also remember that there’s always a good bit of uncertainty in its projections.
Let’s first review what CBO found. Taking into account the various provisions, the CBO estimated that in total, the BBB would increase the deficit by $367 billion over 10 years. On one key question — how much money will be raised by providing $80 billion to increase IRS enforcement on rich tax cheats — the CBO said it would raise $207 billion over 10 years, meaning the net savings would be $127 billion.
But while the $207 billion in savings wasn’t included in CBO’s top-line numbers, the $80 billion in enforcement was. Subtract that $207 billion, and it means the CBO thinks this bill will raise the deficit by only $160 billion.
That’s $16 billion a year. In the scope of the federal budget, that’s a tiny amount.
On top of this, many people think CBO’s figure on the cost savings from tax enforcement is a drastic underestimate. The Treasury Department estimates that it would generate $400 billion in revenue, for a net savings of $320 billion, almost $200 billion more than CBO thinks. If Treasury is right, the bill’s effect on the deficit is almost nothing.
Yes
These would have be taken out anyways, no Republicans would have taken this out. Good for us, for now’