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Senate Republicans on Biden's Bill Passed by House Democrats on November 19

Democrats' Deception Exposed: Their Reckless Taxing-And-Spending Spree Adds To The Deficit, Fuels Inflation, And Hikes Taxes On The Middle Class

President Biden And Democrats Have Claimed Repeatedly That Their Multitrillion Dollar Socialist Taxing-And-Spending Spree Won't Increase The Deficit, Won't Add To Already-Accelerating Inflation, And Won't Increase Taxes On Americans Making Less Than $400,000 A Year, But Independent Analyses Have Shown All Those Assertions To Be False

The Congressional Budget Office Confirms That Democrats' Reckless Taxing-And-Spending Bill Is NOT Paid For, And Will Add $800 Billion To The Deficit Over The Next Five Years

"CBO estimates that enacting this legislation would result in a net increase in the deficit totaling $367 billion over the 2022-2031 period, not counting any additional revenue that may be generated by additional funding for tax enforcement." ("Summary of Cost Estimate for H.R. 5376, the Build Back Better Act," Congressional Budget Office, 11/18/2021)

The Congressional Budget Office estimates the Democrats' reckless taxing and spending bill would add nearly $800 billion to the deficit over the next five years. ("Summary of Cost Estimate for H.R. 5376, the Build Back Better Act," Congressional Budget Office, 11/18/2021)

This is all in addition to the $528 billion the Democrats' spring stimulus bill will already add to the deficit in fiscal year 2022. (Congressional Budget Office, Accessed 11/19/2021)

Posted November 20, 2021
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