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House Passes Biden’s Massive Social Spending Bill, Despite Cbo Estimating It Will Add to Deficit

by Just The News
November 19, 2021
in Politics
House passes Biden's massive social spending bill, despite CBO estimating it will add to deficit

The Democratic-led House on Friday morning passed President Biden’s massive social spending bill 220-213, despite the Congressional Budget Office estimating that it will add to nation’s deficit.

Biden and congressional Democrats had promised the nearly $2 trillion bill would be fully paid for with tax increases.

According to the Committee for a Responsible Federal Budget , extending the “temporary provisions” in the social spending package would “double its gross costs to nearly $5 trillion.”Democrats are moving the bill through Congress using budget reconciliation to avoid the legislative filibuster in the Senate.The vote comes after House Minority Leader Kevin McCarthy’s record-long, eight-plus […]

Read the rest of this story here: justthenews.com

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