Sunday, June 08, 2025

Worth understanding!-----Don't Let CBO Scoring Fool You Charlie Martin

There's been a whole lot of agita from the right-hand side about the "reconciliation bill" — the Big Beautiful Bill — that passed the House a few days ago. - Charlie Martin
A lot of it is based on the CBO scoring the bill as costing $4 trillion dollars in revenue. 
And why does the CBO think that? 
Because the CBO thinks the government is entitled to all the lovely tax money that would come in when the tax cuts from Trump's first term expire. 
  • But the BBB went and extended the tax cuts. 
Those rats.
Stephen Miller explains the error:
Of course, along with that, a lot of people are complaining that the BBB didn't codify the DOGE spending cuts.
Which is all well and good, except that there are pretty strict limits on what a reconciliation bill can do...


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