Several external analysts are not satisfied, and argue the bill will not pay for itself

The United States Congressional Budget Office (CBO) announced on Thursday that President Joe Biden’s signature Build Back Better legislation will cause the federal budget deficit to rise by $367 billion across a period of 10 years.

However, the agency also predicted that greater IRS enforcement on tax evaders will lead to increased revenue, which is expected to contribute towards offsetting the package’s costs, according to CBS News.

The CBO's financial estimate was lauded by US Treasury Secretary Janet Yellen, whose department conducted its own analysis of the legislation along with the Joint Committee on Taxation.... Read More: i24