{"id":967303,"date":"2021-11-04T11:58:35","date_gmt":"2021-11-04T15:58:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=967303"},"modified":"2021-11-04T11:58:37","modified_gmt":"2021-11-04T15:58:37","slug":"wharton-study-build-back-better-will-not-be-free-net-cost-2-42-trillion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wharton-study-build-back-better-will-not-be-free-net-cost-2-42-trillion\/","title":{"rendered":"Wharton Study: Build Back Better Will Not Be Free; Net Cost $2.42 Trillion"},"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\">26<\/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%2Fwharton-study-build-back-better-will-not-be-free-net-cost-2-42-trillion%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=967303&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--><p class=\"subheading\">The Wharton School of the University of Pennsylvania will reportedly issue a study Wednesday that reveals President Joe Biden\u2019s reconciliation package will not be free, although the White House has claimed it would cost \u201czero\u201d dollars.<\/p>\n<p>The study reportedly <a href=\"https:\/\/email.punchbowl.news\/t\/ViewEmail\/t\/EE7AC71932828FB22540EF23F30FEDED\/CF8E59DC5ECB50004AB3169DA1FD82E9\">estimates<\/a> the net cost of the legislation will plague taxpayers with an extra $2.42 trillion in debt.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Punchbowl News reported if the package\u2019s provisions became permanent, it \u201cwould increase new spending by $3.98 trillion,\u201d and American taxpayers would incur $1.56 trillion in new taxes.<\/p>\n<p>Within a ten-year window, the package is expected to cost the taxpayers $1.87 trillion with an&nbsp;additional&nbsp;$1.56 trillion in taxes levied on American workers and families.<\/p>\n<p>The estimate of Biden\u2019s package is likely to turn the heads of lawmakers, some of whom are pushing for the Congressional Budget Office (CBO) to score the legislation before a vote is held on the measure this week.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cModerate\u201d Democrats are particularly interested in the scoring of the legislation. Members of Blue Dog Coalition have&nbsp;<a class=\"x5l\" href=\"https:\/\/email.punchbowl.news\/t\/t-l-cdrhhlt-yhyujrtrtr-z\/\" target=\"_blank\" rel=\"noopener external\">requested<\/a>&nbsp;a hold on the passage of the legislation \u201cuntil we have had a chance to review these scores which provide the true cost of the legislation.\u201d<\/p>\n<p>Rep. Stephanie Murphy&nbsp;(D-FL), who is <a href=\"https:\/\/www.breitbart.com\/politics\/2021\/09\/25\/rep-stephanie-murphy-admits-she-may-lose-house-seat-before-announcing-2022-bid\/\">facing<\/a> a tough reelection race in 2022, <a href=\"https:\/\/email.punchbowl.news\/t\/ViewEmail\/t\/A4F08AA3BD51A2352540EF23F30FEDED\/E1B2FA79A3FE541684E5AAD5A6C37FC6\">has<\/a>&nbsp;many concerns she relayed Wednesday.&nbsp;\u201cI believe that we need to take a vote on the infrastructure bill as soon as possible. And I think when it comes to the BBB, we need to have some time to be able to review it \u2014 the&nbsp;CBO&nbsp;and JCT tables \u2014 to understand how much spending and how much revenue is in the package,\u201d she wrote.<\/p>\n<p>\u201cAnd there needs to be some level of understanding as to whether or not this bill as written can survive the Senate procedural process,\u201d she added.<\/p>\n<p>Despite the Wharton study, the White House has claimed multiple times the legislation will cost nothing.<\/p>\n<div id=\"attachment_18426026\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/joe-biden-creepy-cnn-town-hall.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-18426026\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/joe-biden-creepy-cnn-town-hall.jpg\" alt width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">CNN<\/p>\n<\/div>\n<p>On September 28, the <em>Washington Post<\/em> <a href=\"https:\/\/www.washingtonpost.com\/politics\/2021\/09\/28\/bidens-claim-that-his-spending-plan-costs-zero-dollars\/\">reported<\/a> Biden claimed his package would cost zero dollars.&nbsp;\u201cWe talk about price tags. It is zero price tag on the debt. We\u2019re paying \u2014 we\u2019re going to pay for everything we spend,\u201d Biden said:<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"11.142857142857\">\n<p lang=\"en\" dir=\"ltr\">\u201cWe talk about price tags. It is zero price tag on the debt. We\u2019re paying \u2014 we\u2019re going to pay for everything we spend.\u201d<\/p>\n<p>Totally delusional comments from <a href=\"https:\/\/twitter.com\/JoeBiden?ref_src=twsrc%5Etfw\">@JoeBiden<\/a> on the cost of his $5+ trillion spending bill.<\/p>\n<p>He&#8217;s deliberately lying to Americans.<a href=\"https:\/\/t.co\/OXsTKLfQbD\">https:\/\/t.co\/OXsTKLfQbD<\/a><\/p>\n<p>\u2014 Republican State Leadership Committee (@RSLC) <a href=\"https:\/\/twitter.com\/RSLC\/status\/1442919559367852034?ref_src=twsrc%5Etfw\">September 28, 2021<\/a><\/p>\n<\/blockquote>\n<p>In October, a reporter finally questioned the White House about Biden\u2019s claim.\u201dDoes the president still believe that Build Back Better will not add a dime to the national debt?\u201d the reporter <a href=\"https:\/\/www.foxnews.com\/media\/psaki-offers-little-explanation-for-why-build-back-better-will-cost-nothing\">asked<\/a> Psaki in a briefing.<\/p>\n<p>\u201cCorrect. It won\u2019t,\u201d Psaki claimed.<\/p>\n<p>\u201cWhy should Americans believe that?\u201d the reporter asked.<\/p>\n<p>\u201cBecause it won\u2019t,\u201d Psaki said flatly.<\/p>\n<p><em>Follow Wendell Huseb\u00f8 on Twitter&nbsp;<\/em><a href=\"https:\/\/twitter.com\/WendellHusebo?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"><em>@WendellHuseb\u00f8<\/em><\/a><i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wharton School of the University of Pennsylvania will reportedly issue a study Wednesday that reveals President Joe Biden\u2019s reconciliation package will not be free, although the White House has &#8230;<\/p>\n","protected":false},"author":21,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-967303","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\/967303","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\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=967303"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/967303\/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=967303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=967303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=967303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}