And Requires No Social Security Number To Collect Child Tax Credits
So much for Biden’s claim that his signature Build Back Better legislation won’t cost a cent. The Congressional Budget Office scored the bill and showed an increase in the Federal deficit of $791,618 MILLION over the next five years. Here is the CBO’s spreadsheet.
Here is the “killer b” legislation (Biden Build Back Better Bill or BBBBB). All 2,135 pages worth. Read it and weep. And this is the slimmed-down version of the bill.
From The Wall Street Journal: “The sprawling bill calls for creating a universal prekindergarten program, capping child-care costs for many families, negotiating lower prescription drug prices and expanding tax credits for reducing carbon emissions, among other programs. In addition to expanding tax enforcement efforts at the Internal Revenue Service, the legislation raises taxes on some corporations and very high-income Americans.”