White House continues to push debunked zero-cost claim on Biden's agenda

White House continues to push debunked zero-cost claim on Biden's agenda

Oct 17, 2021 by FOX News

Key Facts

  • President Biden is sticking to his claim that his Build Back Better agenda will cost the average American taxpayer nothing.
  • TEAM BIDEN CLINGS TO RECONCILIATION BILL ZERO-COST CLAIM SHOT DOWN BY WASHINGTON POST FACT-CHECKERS Biden and his administration have repeatedly claimed that Build Back Better, a $3.5 trillion reconciliation package, will cost zero dollars, despite multiple analysts rebutting the claim from both sides of the political aisle.
  • The president bases the zero-cost claim on the idea that the package will add nothing to the federal deficit because the cost will be offset by tax increases and other revenue-generating schemes.
  • Congress' Joint Committee on Taxation estimated that the reconciliation bill will only raise $2.1 trillion through taxes over 10 years, falling far short of the $3.5 trillion cost.

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