President Joe Biden’s sweeping reconciliation package could cost considerably more than the White House’s $1.85 trillion estimate, according to budget analysts who have pointed to “gimmicks” used to drive down the number.
Democrats pledged that their “zero cost” Build Back Better plan would be fully paid for. But the actual cost of the social spending proposals could reach $4 trillion, more than double the White House’s estimate, according to the Committee for a Responsible Federal Budget.
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