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Beware of budget gimmicks in push for massive spending deals

Beware of budget gimmicks in push for massive spending deals

ABC News
Saturday, July 24, 2021 03:58:53 PM UTC

Senators negotiating two colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives keep insisting both bills will be fully paid for

WASHINGTON -- Senators fashioning a pair of colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives insist they will fully pay for both plans. Will they? In a Washington ritual as reliable as panic-buying when light snow is forecast, both parties have long relied on toothless budget gimmicks to help finance their priorities. The contrivances let lawmakers claim they are being fiscally responsible while inflicting little pain on voters and contributors with tax increases or spending cuts. Here’s how they may do it again:
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