Tweet
Democrats expect CBO to show shortfall on Biden's bill
Full Headline...
Democrats expect CBO to show shortfall on Biden's bill as White House moves to ease concerns
It appears that the Dems know full well that their MASSIVE spending isn't going to be nearly as "cost free" as they claim, so they're making a preemptive strike against the CBO, claiming they just don't understand how all this works.
Full Headline...
Democrats expect CBO to show shortfall on Biden's bill as White House moves to ease concerns
It appears that the Dems know full well that their MASSIVE spending isn't going to be nearly as "cost free" as they claim, so they're making a preemptive strike against the CBO, claiming they just don't understand how all this works.
(CNN)The White House and top Democrats are expecting a highly anticipated estimate from the nonpartisan Congressional Budget Office to show that their sweeping plan to expand the social safety net will fail to meet President Joe Biden's promise to not add to the federal deficit.
But behind the scenes, they have been launching a preemptive strike for weeks to prepare their colleagues for that likelihood, arguing that the CBO numbers would diverge from the White House's projections that $320 billion would be raised by increased tax enforcement, a difference the administration says stems from the different methods used to calculate the revenue gained.
The question now facing Democratic leaders is whether those assurances from the White House will be enough to assuage moderates, who have withheld their support for the roughly $1.9 trillion bill until information from the CBO show its costs are offset."I am undecided on the bill," said Rep. Elissa Slotkin, a vulnerable Democrat from a swing district in Michigan. "I remain undecided on the bill. I want to see these scores, and I want to make sure I understand the details before I cast a vote."Democratic leaders have very little margin for error, since they can only lose three votes to pass the bill that they are hoping gets a final vote as soon as Thursday."We want to have the confidence that what we fiscally have said is the reality in the bill is the reality," House Majority Leader Steny Hoyer said Tuesday.
But behind the scenes, they have been launching a preemptive strike for weeks to prepare their colleagues for that likelihood, arguing that the CBO numbers would diverge from the White House's projections that $320 billion would be raised by increased tax enforcement, a difference the administration says stems from the different methods used to calculate the revenue gained.
The question now facing Democratic leaders is whether those assurances from the White House will be enough to assuage moderates, who have withheld their support for the roughly $1.9 trillion bill until information from the CBO show its costs are offset."I am undecided on the bill," said Rep. Elissa Slotkin, a vulnerable Democrat from a swing district in Michigan. "I remain undecided on the bill. I want to see these scores, and I want to make sure I understand the details before I cast a vote."Democratic leaders have very little margin for error, since they can only lose three votes to pass the bill that they are hoping gets a final vote as soon as Thursday."We want to have the confidence that what we fiscally have said is the reality in the bill is the reality," House Majority Leader Steny Hoyer said Tuesday.
Comment