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Economists Spar Over Inflationary Impact Of ‘Build Back Better Act’

by Daily Wire
November 24, 2021
in Economy
Economists Spar Over Inflationary Impact Of ‘Build Back Better Act’

President Biden As the Build Back Better Act moves through Congress, economists disagree over its possible inflationary effects.

The $1.75 trillion legislation — which the House of Representatives passed on Friday — would expand various social programs, including universal preschool, childcare subsidies, and climate change initiatives. The Congressional Budget Office — the federal government’s nonpartisan fiscal scorekeeper — said that the bill would add $367 billion to the deficit by 2031, not considering a potential $207 billion windfall arising from enhanced tax enforcement efforts.

Some reports indicate that the Build Back Better Act would have a negligible impact on price levels; […]

Read the rest of this story here: www.dailywire.com

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