Budget Watchdogs Project Democrat Infrastructure Bill Will Cost TWO TRILLION MORE Than They’re Saying

Budget watchdogs project Dem infrastructure plans to cost up to $5.5T — $2T more than advertised

The Committee for a Responsible Federal Budget has estimated that President Biden’s infrastructure proposals will cost up to $2 trillion more than Democrats are projecting.

The White House and Democratic congressional leaders are preparing a $3.5 trillion reconciliation bill that includes policies in Biden’s Build Back Better agenda such as universal pre-K, tuition-free community college and financial support for childcare. Democrats have referred to the reconciliation bill has a “human infrastructure” budget bill. It could also include the creation of a Civilian Climate Corps.

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer have said they won’t pass a separate, bipartisan $1.2 trillion physical infrastructure framework until a filibuster-proof reconciliation spending bill gets passed.

Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, told Just the News that his organization has estimated that the reconciliation package will cost much more than $3.5 trillion over 10 years based on the proposed policies that have been released so far.

“It seems like they’re going to have a bunch of policies that go for not the full 10 years and expire early,” he said. “We’ve estimated that the reconciliation bill is actually more like $5-5.5 trillion worth of policies and they are fitting into a $3.5 trillion framework by cutting it off early.”

July 25, 2021 5:06 am

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