In 2009, then-Vice President Biden praised the Congressional Budget Office’s ability to score legislation calling it “the only thing Democrats and Republicans agree on…even when they don’t agree with what we wanted to do because they are bipartisan.”
Now, President Biden’s White House is actively trying to downplay the CBO’s ability to score Biden’s Far-Left Socialist Spending Scam properly. Why is the Biden administration calling into question the CBO’s ability to properly score his agenda?
It is because they’ve seen the reports and independent analysis over the past month, which have found that Biden’s Far-Left Socialist Spending Scam does not pay for itself and costs more than DOUBLE the estimated cost.
WHAT WE KNOW ABOUT THE COST OF THE DEMOCRATS’ SOCIALIST SPENDING SCAM
- The CBO said on Monday that the IRS proposal would yield far less than what the White House was counting on to help pay for its bill.
- The White House is already telling House Democrats that the CBO will find that their Far-Left Socialist Spending Scam will not be fully paid for,
- Earlier this month, both the University of Pennsylvania’s Wharton School of Business and the Committee for a Responsible Budget released models showing that the bill will cost more than DOUBLE the estimated cost.
- The left-leaning Tax Policy Center found that Biden and Pelosi’s Far-Left Socialist spending spree would raise taxes on middle-class Americans by 30%.