Despite Raising Taxes, Build Back Better Act Will Blow $800 Billion Hole In Deficit Through 2026 – The Lid

President Joe Biden’s $1.75 trillion spending bill has passed the House, and now all eyes are on the Senate. Particularly U.S. Senator Joe Manchin (D-W.Va.), who will make or break the deal with the Senate divided 50-50 between Democrats and Republicans. This decision could become even more difficult after the Congressional Budget Office (CBO) released a score showing $800 billion of deficit-spending through 2026.