CBO: Bipartisan infrastructure plan will add $256 billion to projected deficits over the next decade
CNN
The bipartisan infrastructure plan making its way through the Senate will "add $256 billion to projected deficits" between 2021 and 2031, a report from the Congressional Budget Office released Thursday found.
"The Congressional Budget Office estimates that over the 2021-2031 period, enacting Senate Amendment 2137 to H.R. 3684 would decrease direct spending by $110 billion, increase revenues by $50 billion, and increase discretionary spending by $415 billion," the report said. "On net, the legislation would add $256 billion to projected deficits over that period." While the plan has bipartisan support in the Senate, some lawmakers had cited the need for a CBO score before deciding whether to support the measure. It's unclear how or if Thursday's report will sway members of Congress who are still making up their minds.
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