Since Biden’s “Build Back Better” plan (like the BIPARTISAN physical infrastructure bill that passed with 19 Senate REPUBLICAN votes [including Mitch McConnell] and 13 House votes) is FULLY PAID for with NO TAX INCREASES for anyone making less than $400,000 a year, and funding to increase tax audits ON THE RICH, it is obvious that Ramirez thinks everyone is rich and that is the only constituency he is interested in.Amazing how the same hypocritical elitists who support every effort to ADD SEVEN TRILLION DOLLARS to the national debt with corporate welfare and tax giveaways to the few richest elites, with almost nothing for the middle class (except a load of debt), NONE OF WHICH WAS PAID FOR, whine and cry and obstruct any effort to enact legislation that costs only $1.2 trillion OVER A TEN YEAR PERIOD, ALL OF WHICH IS INDEED FULLY PAID FOR.
The Congressional Budget Office (CBO) scored the legislation and estimated officially that it would have a net cost of $360 billion OVER TEN YEARS, but with the note that they could not estimate the net gains from increased IRS tax enforcement on those at the top, for which they could only validate enough to bring the net cost down to $160 billion OVER TEN YEARS, and that it likely would actually pay for itself.
The Treasury Department, with official calculations from the collection experts at its IRS, did confirm that their calculations showed that the increased collections would MORE THAN OFFSET the shortfall in the “official” CBO estimate.
May 31, 2016
May 24, 2016