The American Rescue Plan’s Likely Cost is Way More Than $1.9 Trillion
Alex Brill | AEIdeas
The Senate is poised to consider President Biden’s American Rescue Plan, an elaborate bill recently passed by the House of Representatives through the budget reconciliation process at an estimated cost of $1.9 trillion over the coming decade.
However, as lawmakers know well, there is a deep well of budget tactics that can “leverage” any budget reconciliation instructions into a much larger set of tax and/or spending policies.