“The CBO says (the Build Back Better Act) is $3 trillion of deficit spending.”
PWBM estimates that H.R. 5376, the Build Back Better Act, as written would increase spending by $2.1 trillion over the 10-year budget window and revenue by $1.8 trillion, for a 10-year deficit of $274 billion. [...] H.R. 5376, Build Back Better Act: Budget and Macroeconomic Effects On November 3, 2021, the House Rules Committee released legislative language for the Build Back Better Act. In this analysis, PWBM analyzes the macroeconomic effects of the legislation, building on our conventional estimate of the budgetary effects of the bill.