{"id":613517,"date":"2021-08-05T17:50:21","date_gmt":"2021-08-05T21:50:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=613517"},"modified":"2021-08-05T17:50:24","modified_gmt":"2021-08-05T21:50:24","slug":"cbo-says-infrastructure-bill-will-add-over-250-billion-to-the-deficit-over-the-next-decade","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cbo-says-infrastructure-bill-will-add-over-250-billion-to-the-deficit-over-the-next-decade\/","title":{"rendered":"CBO Says Infrastructure Bill Will Add Over $250 Billion To The Deficit Over The Next Decade"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcbo-says-infrastructure-bill-will-add-over-250-billion-to-the-deficit-over-the-next-decade%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=613517&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/08\/GettyImages-1234276050-scaled-e1627659004417.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\" readability=\"39.018430753028\">\n<p>The Congressional Budget Office Thursday estimated that the bipartisan infrastructure bill will add $256 billion to the federal deficit over the next decade.<\/p>\n<p>While the CBO\u2019s <a href=\"https:\/\/www.cbo.gov\/system\/files\/2021-08\/hr3684_infrastructure.pdf\">analysis<\/a> found that direct spending would decrease by $110 billion and revenues would increase by $50 billion, it found that discretionary spending would increase by approximately $415 billion over the next 10 years. The report could risk some Republican support, and backs up several who have objected to the bill over its size.<\/p>\n<p>\u201cThis infrastructure bill spends an enormous amount of money,\u201d Utah Republican Sen. Mike Lee said on the Senate floor Thursday. \u201cThis at a time when Americans are feeling the pinch of inflation, precisely because of the pace at which we have been spending money.\u201d <strong><a href=\"https:\/\/dailycaller.com\/2021\/08\/02\/senators-introduce-infrastructure-bill-kyrsten-sinema-rob-portman-chuck-schumer-mike-lee\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Senators Officially Introduce Infrastructure Bill)<\/a><\/strong><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"6.6570247933884\">\n<p dir=\"ltr\" lang=\"en\">\u201cThe Congressional Budget Office estimates that over the 2021-2031 period\u2026the legislation would add $256 billion to projected deficits\u2026\u201d<a href=\"https:\/\/t.co\/usm97750WL\">https:\/\/t.co\/usm97750WL<\/a> <a href=\"https:\/\/t.co\/GQIo928UMb\">pic.twitter.com\/GQIo928UMb<\/a><\/p>\n<p>\u2014 Kyle Pomerleau (@kpomerleau) <a href=\"https:\/\/twitter.com\/kpomerleau\/status\/1423374797862576131?ref_src=twsrc%5Etfw\">August 5, 2021<\/a> <\/p>\n<\/blockquote>\n<p>The bill, <a href=\"https:\/\/dailycaller.com\/2021\/08\/02\/senators-introduce-infrastructure-bill-kyrsten-sinema-rob-portman-chuck-schumer-mike-lee\/\" target=\"_blank\" rel=\"noopener noreferrer\">currently being debated<\/a> in the Senate, would authorize $550 billion of new spending. If the CBO\u2019s analysis unfolds as predicted, then just over half \u2014 $294 billion \u2014 would be offset by money already authorized by the government.<\/p>\n<p>The report comes as the bill nears a critical Senate vote that could come as soon as Thursday. If it passes, then a vote on final passage could come soon as Saturday, followed by a debate on a federal budget that will merge into Democrats\u2019 attempt to pass a <a href=\"https:\/\/dailycaller.com\/2021\/07\/14\/democrats-chuck-schumer-bernie-sanders-infrastructure-budget-reconciliation-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\">reconciliation package<\/a> totaling as much as $3.5 trillion.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Budget Office Thursday estimated that the bipartisan infrastructure bill will add $256 billion to the federal deficit over the next decade. While the CBO\u2019s analysis found &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-613517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/613517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=613517"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/613517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=613517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=613517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=613517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}