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Brian Deez, the director of the White House’s National Economic Council, stressed that the Build Back Better Act is financially responsible and actually pays for itself over time, despite claims to the contrary from experts in the Obama administration.

Hitting back against the argument that the payment in the bill does not cover long-term costs, Dees pointed to measures such as the bill’s tax reform, which would impose a 15% minimum for large, highly profitable corporations.


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“So when you look at the impact of those policies overall, it will reduce the deficit by about $112 billion over this decade,” Deez said in a “Granthshala News Sunday” interview. “This bill will reduce the deficit by more than $2 trillion in the second decade.”

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However, Steve Ratner, a former senior adviser to the Obama administration, has argued that the only way to claim to have paid the bill is to use “budget gimmicks”, such as relying on sunset clauses for key benefits, to believe that They will expire in the near future, while in fact they are likely to be renewed. Ratner also cited the Committee for a Responsible Federal Budget, which said the bill would add at least $800 billion to the deficit over the next five years.

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Dees argued that renewal of benefits would be decided by a future Congress, and that it was not appropriate to base the bill’s assessment of what they could.

Later in the program, Deez defied a question about China and whether Biden removed Trump-era tariffs.

“We are in talks with our Chinese counterparts but with a clear understanding that we are representing American interests and we are going to take the necessary action to protect those American interests,” he said. “But it cuts down on not only tariff policy but procurement, commitments made by the Chinese government” and other issues such as Chinese intellectual property theft.

Dez also slammed former President Trump’s first phase of the agreement, claiming it “did not adequately protect many American economic interests” while China did not end the deal.