President Biden's $1.2 trillion infrastructure package does not fully pay for all the spending it proposes, as promised by the White House, according to a review released Thursday by the Congressional Budget Office.
The president is trying to keep enough Republicans on board for the infrastructure deal to prevent a Senate filibuster and enact it into law.
Funding for Biden's $1.2 trillion infrastructure plan comes up short The CBO, a nonpartisan agency that analyzes the economic impact of federal legislation, found that the infrastructure bill would add $256 billion to the national deficit over the next decade.
The results pose a blow to the infrastructure deal, crafted by Mr. Biden and a bipartisan group of 10 senators.
The infrastructure package as now written would "Repurpose" more than $205 billion of unused funds from Mr. Biden's COVID-19 emergency relief plan and take $53 billion from unemployment benefits that states have refused to accept in the face of tight labor markets.
Sen. Rick Scott, Florida Republican, said the CBO deficit projection made the entire infrastructure package unworkable in his eyes.
The bigger bill, pitched as "Human infrastructure," contains a slew of liberal priorities, including climate change regulations, anti-poverty initiatives and amnesty for illegal immigrants.
https://www.washingtontimes.com/news/2021/aug/5/cbo-funding-bidens-12-trillion-infrastructure-plan/
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