The nonpartisan Congressional Budget Office has completed publishing its partial analysis of the Build Back Better bill, a sign that the House is set to vote shortly after Thursday night on the bill.
The CBO hasn’t released its overall score yet, but that is expected soon. Moderate Democrats who have refused to support the bill have requested “financial information” from the CBO to show that overall spending and tax amounts are in line with White House projections.
In the Ways and Means heading, the CBO shows a spending deficit, but that’s only for that portion, not for the bill as a whole.
A glitch arose when the CBO released its estimates to the Judiciary Committee, which included immigration provisions.
According to the CBO, immigration and related provisions would increase the deficit by $115 billion, more than the $107 billion that the budget allows Congress to spend on provisions — in part to help undocumented immigrants. have papers. That means those provisions need to be redone before the Senate takes the measure.
Additionally, the CBO predicts that increased IRS enforcement will raise net revenue by $127 billion — far less than the $320 billion the White House expected. But the White House has been informing members for weeks of the difference, and moderate Democrats seem content with their explanation.