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Tipsheet

White House Claims Devastating CBO Score is ‘Fake’

(AP Photo/Evan Vucci)

Speaking to reporters a the White House Monday, Press Secretary Jen Psaki was asked about the enormous cost of President Joe Biden’s Build Back Better spending plan. 

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Psaki referred to the score as “fake,” but it is very real and adds $3 trillion to the deficit. 

"We’ve been telling you for months that the plan’s advertised cost of $1.75 trillion over 10 years includes multiple budget gimmicks that disguise the real cost. The Penn Wharton Budget Model has scored the 10-year cost at about $4.6 trillion, but the White House keeps claiming against all evidence that the cost is 'zero,'" the Wall Street Journal analyzes. "[The] CBO and the Joint Committee on Taxation project that the House bill would increase the deficit by $3 trillion over 10 years without the budget gimmicks and phony phase-outs."

Not to mention the plan would worsen the inflation crisis, which is why Democratic Senators Joe Manchin and Kyrsten Sinema are opposing it. Biden will hold a meeting with Manchin over the phone Monday afternoon in an effort to convince him otherwise.

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Regardless, administration officials continue to say the bill is paid for and costs “zero dollars.” 

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