Democrats Spending Plan Far Surpasses the $3.5 Trillion We Already Know About

From the Wall Street Journal editorial board: Democrats have provided few details of what they plan to include in Sen. Bernie Sanders’s $3.5 trillion budget proposal, and now we know why. The real cost is $5 trillion or more, according to an independent analysis by the Committee for a Responsible Federal Budget, which keeps an eye on fiscal matters. The budget-resolution fact sheet Democrats circulated last week includes only a bare-bones description of the bill’s major programs for tax credits, new entitlements, healthcare, climate and housing. Some categories include this revealing caveat: “The duration of each program’s enactment will be determined based on scoring and Committee input.” That’s Washington-speak for admitting the budget will be built on phony assumptions and gimmicks. Democrats know their proposed tax hikes and dubious “pay-fors” won’t come close to fully funding “every major program that President Biden has asked us for”—as Senate Majority Leader Chuck Schumer claimed (WSJ). https://www.wsj.com/articles/committee-for-a-responsible-federal-budget-analysis-bernie-sanders [login to see] 6?mod=opinion_lead_pos1
Democrats are trying to get this passed before Republicans can read the whole thing, and the GOP is resisting (Washington Times).
https://www.washingtontimes.com/news/2021/jul/20/republicans-set-filibuster-unfinished-infrastructu/