Congressman Davis Applauds CBO estimates for Build Back Better

Late this evening, the Congressional Budget Office released final numbers for Build Back Better.  Davis said, “Based upon these lower estimates, we can move forward and Build Back Better for all Americans – especially for people who need help and need help now.  The estimates include:

• The cost elements came in lower than the White House estimates – in the ballpark of $50bn lower cost.
• The savings from the prescription drug reforms came in $50bn higher – at $300bn compared to the White House’s estimate of $250bn.
• That means that the bill will be more than fully paid for.
• As long understood, CBO’s numbers on tax enforcement are lower than the Treasury’s estimates. Democrats have long known and anticipated this – will not be an issue.