Most conservatives, including me, were outraged at the BBB. Rather than cutting, it will increase the deficit.
But will it?
It actually significantly decreased government expenditures:
It did increase some spending, notably $350 billion for border security and immigration enforcement.
The primary reason that it is supposed to increase the deficit, despite those cuts, is not increased spending but rather the permanently extended tax cuts.
It is also notable that the overwhelming majority of the Freedom Caucus loves the Bill. It is also notable that the entirety of Dems in Congress hate the bill, and the hardest R's to get to vote for it were the extreme RHINOs (like Murkowski).
But will it?
It actually significantly decreased government expenditures:
- It cut $1.02 trillion from Medicaid over 10 years
- It cut $300 billion from SNAP over 10 years
- It reduced Obamacare expenses by a non-yet-quantified amount
- It eliminated tax incentives for green energy, again not yet quantified.
It did increase some spending, notably $350 billion for border security and immigration enforcement.
The primary reason that it is supposed to increase the deficit, despite those cuts, is not increased spending but rather the permanently extended tax cuts.
It is also notable that the overwhelming majority of the Freedom Caucus loves the Bill. It is also notable that the entirety of Dems in Congress hate the bill, and the hardest R's to get to vote for it were the extreme RHINOs (like Murkowski).