Nancy Pelosi said the US House of Representatives would press ahead with a vote on Joe Biden’s $1.75tn Build Back Better bill on Thursday night, after an independent government agency said the package would add $367bn to the federal deficit over the next decade.
The Congressional Budget Office, which provides cost estimates for big legislation, released its assessment on Thursday evening after a group of House moderates had insisted on it as a precursor to any vote.
The CBO said the Build Back Better bill would “result in a net increase in the deficit totalling $367bn over the 2022-2031 period” but added that the figure did not count “any additional revenue that may be generated by additional funding for tax enforcement”.
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