President Joe Biden is struggling to find the votes to pass his ambitious, multitrillion-dollar climate change and welfare spending agenda, optimistically dubbed the “Build Back Better” plan. In an effort to get centrist Democrats in Congress on board, he has pared back the plan to “just” $2.4 trillion in spending (which is still nearly $17,000 per federal taxpayer). Or has he?
A new analysis from the nonpartisan Committee for a Responsible Federal Budget finds that the real cost of Biden’s “pared back” plan could be more than double the $2.4 trillion advertised. The committee concludes that it could ultimately cost as much as $4.9 trillion, which is roughly $34,200 per federal taxpayer.
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