House Moderates Expect Biden Bill’s Cost Estimates to Fall Short
- Differences between CBO, White House on IRS enforcement
- Lawmakers indicate shortfall won’t necessarily stall bill
Joe Biden
Photographer: Sarah Silbiger/UPI/Bloomberg
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Two key U.S. House moderates said they anticipate official estimates by congressional scorekeepers of President Joe Biden’s tax and spending plan might fall short of White House projections that it pays for itself, but they indicated that might not doom the measure.
Among the crucial differences expected between the Congressional Budget Office projections, which will be released by Friday, and the White House figures is how much money can be raised from increased tax enforcement.