Speaking of scoring the Penn Wharton Budget Model has some bad news for the Biden Administration on its “reconciliation framework”: it’s going to cost more than they’ve project and bring in less revenue. Furthermore, if the new entitlements they’re proposing are made permanent, the cost over ten years will be nearly $4 trillion while the incremental revenue over that period will be around $1.55 trillion.
Try to see it under lights.
Hold on there a second, podnah. Joe told me its all paid for. He even whispered it, so I know its true.
Wharton needs to listen up and start thinkin’ right. C’mon, man.
Is that even the actual bill? One of the frustrating things about following this reconciliation process is that’s it’s pretty opaque in regards to specifics.
Plus I keep hearing that the SALT deduction will be reinstated or at least increased, which is going to be revenue negative if it happens.