Build Back Better Bill Just Got Worse (What Now America)
CBO Ranks Social Infastructure Bill at $3T. The host for this show is Tim Apicella. The guests are Jay Fidell, Winston Welch and Cynthia Lee Sinclair.
Senator Joe Manchin thought the Build Back Better Bill was not reflecting the true cost of the multiple provisions contained and the impact on the national debt. The Congressional Budget Office (CBO) just issued its report to vindicate his suspicions. The cost to fund the Bill stands at three Trillion dollars, not the two Trillion as initially estimated. Senator Manchin stated months ago he has no appetite to vote for any infrastructure bill beyond his stated ceiling of $1.75T. In addition, Senator Manchin has concerns that inflation has hit a 35 year high of 6.8%, and the bills distribution of funds will further increase inflation. President Biden argues that just the opposite will occur. The bill is in serious trouble of not passing. President Biden needs this victory in order to have House Representatives go back to their districts and describe their 2021 accomplishments in time for the 2022 mid-term elections.
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