• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
CNN Host Calls Out Labor Secretary for Insisting Biden’s Spending Bill Would Reduce the Deficit

CNN Host Calls Out Labor Secretary for Insisting Biden’s Spending Bill Would Reduce the Deficit

November 19, 2021
Irish Resident Rosie O’Donnell Chimes In From Across The Pond To Blame Trump For Texas Flooding

Irish Resident Rosie O’Donnell Chimes In From Across The Pond To Blame Trump For Texas Flooding

July 7, 2025
Blackouts Coming If America Continues With Biden-Era Green Frenzy, Trump Admin Warns

Blackouts Coming If America Continues With Biden-Era Green Frenzy, Trump Admin Warns

July 7, 2025
NICOLE KIPRILOV: Republicans Should Learn From Mamdani’s Victory

NICOLE KIPRILOV: Republicans Should Learn From Mamdani’s Victory

July 7, 2025
Dozens Of New Migrant Detention Centers Spawn As Trump Admin’s Deportation Agenda Marches On

Dozens Of New Migrant Detention Centers Spawn As Trump Admin’s Deportation Agenda Marches On

July 7, 2025
Hakeem Jeffries Does Not Rule Out Calls To Defund ICE Ahead Of 2026 Midterms

Hakeem Jeffries Does Not Rule Out Calls To Defund ICE Ahead Of 2026 Midterms

July 7, 2025
‘We’re Gonna Double Down And Triple Down’: Tom Homan Vows To ‘Flood The Zone’ On Sanctuary Cities

‘We’re Gonna Double Down And Triple Down’: Tom Homan Vows To ‘Flood The Zone’ On Sanctuary Cities

July 7, 2025
Trump Announces New Tariffs On Japan, South Korea

Trump Announces New Tariffs On Japan, South Korea

July 7, 2025
Inside Tulsi Gabbard’s Plan To Rein In The Deep State

Inside Tulsi Gabbard’s Plan To Rein In The Deep State

July 7, 2025
MSNBC Legal Analyst Dumps Cold Water On Panic Over Trump Admin Focus On Denaturalization

MSNBC Legal Analyst Dumps Cold Water On Panic Over Trump Admin Focus On Denaturalization

July 7, 2025
Camp Mystic Director Dies in Texas Flooding Amid Effort to Rescue Children

Camp Mystic Director Dies in Texas Flooding Amid Effort to Rescue Children

July 7, 2025
Hezbollah May Finally Lose Fangs In US-Proposed Deal

Hezbollah May Finally Lose Fangs In US-Proposed Deal

July 7, 2025
Here’s How Schools Are Catering To Illegal Immigrants While Avoiding Federal Scrutiny

Here’s How Schools Are Catering To Illegal Immigrants While Avoiding Federal Scrutiny

July 7, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Monday, July 7, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

CNN Host Calls Out Labor Secretary for Insisting Biden’s Spending Bill Would Reduce the Deficit

by Bradley Cortright
November 19, 2021 at 10:12 am
in News
250 2
0
CNN Host Calls Out Labor Secretary for Insisting Biden’s Spending Bill Would Reduce the Deficit
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

CNN’s John Berman called out Labor Secretary Marty Walsh for claiming President Joe Biden’s roughly $2 trillion Build Back Better Act would reduce the deficit.

Walsh said during an appearance on CNN’s “New Day” Friday, “President Biden’s been very clear from the beginning of his presidency, he’s going to lift up American families, lift up American children, lift up the people that need it the most. And that’s what this bill does.”

“And it also helps reduce the deficit, which is a beautiful thing,” he added.

Berman interjected, “Well, the CBO doesn’t say it helps reduce the deficit. The CBO says…”

“No, it does,” Walsh said.

However, the co-host noted that the CBO “says it comes billions short. The White House says that the CBO’s not accounting for revenue that might be generated by IRS enforcement, correct?”

Walsh argued that additional investments for Internal Revenue Service (IRS) enforcement will generate around $112 billion in revenue per year.

“Just to be clear, the CBO, which President Biden has called the gold standard before, the CBO’s projection as of this morning is that the bill comes up short,” Berman responded.

Watch the video below:

CNN’s John Berman calls out Marty Walsh for pushing the false WH talking point that BBB helps reduce the deficit.

“Just to be clear, the CBO, which President Biden has called the gold standard before — the CBO’s projection as of this morning is that the bill comes up short.” pic.twitter.com/lWMSxM0xoZ

— America Rising (@AmericaRising) November 19, 2021

Biden has repeatedly insisted that his spending plan would be fully paid for by a series of provisions designed to raise revenue.

In October, he claimed, “It will not add to the deficit at all, it will actually reduce the deficit.”

However, the nonpartisan Congressional Budget Office (CBO) found that the bill would add $367 billion to the deficit over 10 years.

As The Wall Street Journal notes, “For technical reasons, the CBO’s bottom line doesn’t include $207 billion in revenue that the scorekeeper estimates would result from pouring roughly $80 billion into tax-enforcement efforts at the Internal Revenue Service. Adding that revenue to the CBO’s other estimates would make the bill’s 10-year deficit about $160 billion.”

The Biden administration believes increased IRS enforcement would bring in $480 billion in revenue and says the bill would actually decrease the deficit.

Tags: CongressJoe Bidenpolitics
Share196Tweet123
Bradley Cortright

Bradley Cortright

IJR, Senior Writer He's written for Independent Journal Review since 2019.

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th