psych
Well-known member
You’ve lost me but I’m ok with that
I’m not always good with words. Basically, the CBO is projecting that Democrats going after “tax cheaters” through beefing up the IRS and its enforcement capabilities will save $127 billion over 10 years. The Biden administration thinks the beefed up IRS will be even more efficient, and save the government something like $250 billion over 10 years. Hard to say for sure who’ll be right until 2031, but either way, the important takeaways are: A) The bill is going to slightly increase the deficit over 10 years, between $200-$350 billion, certainly worth the investments made in it, and B) Outside of Jared Golden fighting to hold onto his Trump seat by claiming the bill has a “tax giveaway to the rich” tucked inside it, other centrist House Democrats appear to be on board with it. The X factor, as always, will be Joe Manchin, once the bill gets to the Senate.