Republicans want formal cost estimate of multi-trillion dollar proposal
Unique: Republican Senate Minority Leader Mitch McConnell and Senate Budget Committee ranking member Lindsey Graham on Friday asked the Congressional Budget Office to provide the American people with the “right cost” of the multi-trillion dollar spending package being pushed by Democrats.
While Democrats have insisted on a massive reconciliation package presented with an estimated $3.5 trillion price tag, McConnell and Graham say the actual cost is not yet known, and want to see the actual numbers presented.
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“Given the majority’s intention to completely ignore Senate committees and the limited debate and consideration for the measure before it arrives on the Senate floor, it is critical that the Congressional Budget Office (CBO) be provided with information relating to financial senators.” and provides the public. The consequences of reckless changes are being proposed,” McConnell and Graham wrote in a letter to CBO director Philip Swagel obtained by Granthshala News.
“We are concerned that the bill is currently being drafted behind closed doors to avoid providing estimates,” the senators said.
McConnell and Graham then made a list of a dozen requests to report to the CBO, noting that “only four of the thirteen House authorized committees have received written cost estimates of reconciliation recommendations.”
The senators asked “how long will it take the CBO to prepare a formal cost estimate with a detailed analysis of the direct spending and revenue impacts of each segment, a description of the mandates (as defined in the Unfunded Mandates Reform Act) and by legislative proposal.” . costs, and detailed information on federal costs subject to future appropriations?”
“Democrats have said their reckless tax and spend plan costs $0 — but that’s wrong,” a spokesman for Senate Buzz Committee Republicans told Granthshala News. “The American people deserve to know the true value of this multi-trillion dollar bill.”
The Biden administration and progressives in Congress have actually told the law at no cost.
“We talk about the price tag. It’s the zero price tag on the loan,” President Joe Biden told reporters last week on his spending agenda. “We’re paying — we’re going to pay for everything we spend.”
presidential Twitter The account declared the next day, “My Build Back Better Agenda costs zero dollars,” and “it adds zero dollars to the national debt.”