White House continues to push debunked zero-cost claim on Biden's agenda

The cost of the Build Back Better Agenda is $ 0,” die wit Huis getwiet Sondag.

The President’s plan won’t add to our national deficit and no one making under $ 400,000 per year will see their taxes go up a single penny,” the tweet read. “It’s fully paid for by ensuring big corporations and the very wealthy pay their fair share.

TEAM BIDEN CLINGS TO RECONCILIATION BILL ZERO-COST CLAIM SHOT DOWN BY WASHINGTON POST FACT-CHECKERS

Biden and his administration have repeatedly claimed that Build Back Better, a $ 3.5 trillion reconciliation package, will cost zero dollars, despite multiple analysts rebutting the claim from both sides of the political aisle. The president bases the zero-cost claim on the idea that the package will add nothing to the federal deficit because the cost will be offset by tax increases and other revenue-generating schemes.

Kongres’ Joint Committee on Taxation estimated that the reconciliation bill will only raise $ 2.1 trillion through taxes over 10 jare, falling far short of the $ 3.5 trillion cost. And even the $ 3.5 trillion figure is being contested as the true cost: Die Wall Street Journal-redaksie aangevoer it’s based onbudget gimmickry including entitlement phaseouts and phase-insand that the real costwill be at least $ 5 triljoen, probably far more.

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The Washington Post’s fact-checker, Glenn Kessler, similarly called the zero-cost claim “misleidend” and argued that lawmakersplay all sorts of budget games to achieve that mythical zero within the 10-year budget framework.He said the bill’s impact on the deficit couldbe as low as zero or as high as $ 1.75 triljoen oor 10 jare.”

The White House tweet Sunday sparked a flurry of replies from skeptics.

Fox News editor Tyler O’Neill contributed to this report.

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