HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » CBO estimates that the fu...

Thu Nov 18, 2021, 06:22 PM

CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back

CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back Better Act, would increase outlays by $80 billion and revenues by $207 billion, thus decreasing the deficit by $127 billion, through 2031.




Estimated Revenue Effects of Increased Funding for the Internal Revenue Service in H.R. 5376, the Build Back Better Act

CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back Better Act, would increase outlays by $80 billion and revenues by $207 billion, thus decreasing the deficit by $127 billion, through 2031.

This letter responds to a request for information about the revenue effects of funding for the Internal Revenue Service that would be provided by the current version of H.R. 5376, the Build Back Better Act (Rules Committee Print 117-18 incorporating a managerís amendment by Congressman Yarmuth). The Congressional Budget Office estimates that the funding for tax enforcement activities provided by the bill would increase outlays by $80 billion and revenues by $207 billion, thus decreasing the deficit by $127 billion, through 2031. That change in revenues is not included in CBOís estimate of the budgetary effects of the Build Back Better Act.

https://www.cbo.gov/publication/57620



23 replies, 2962 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 23 replies Author Time Post
Reply CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back (Original post)
demmiblue Nov 18 OP
mcar Nov 18 #1
LonePirate Nov 18 #4
TwilightZone Nov 18 #11
PoliticAverse Nov 18 #7
elleng Nov 18 #2
underpants Nov 18 #6
TwilightZone Nov 18 #10
brush Nov 18 #3
underpants Nov 18 #13
brush Nov 18 #16
Carlitos Brigante Nov 18 #5
padah513 Nov 18 #8
Carlitos Brigante Nov 18 #9
asiliveandbreathe Nov 18 #15
TwilightZone Nov 18 #12
Kingofalldems Nov 18 #14
WarGamer Nov 18 #17
SergeStorms Nov 18 #22
WarGamer Nov 18 #23
Bernardo de La Paz Nov 18 #18
Takket Nov 18 #19
ffr Nov 18 #20
WarGamer Nov 18 #21

Response to demmiblue (Original post)

Thu Nov 18, 2021, 06:23 PM

1. No excuse to not pass it now

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mcar (Reply #1)

Thu Nov 18, 2021, 06:25 PM

4. Oh, the usual suspects will undoubtedly find a reason not to support it.

It's not about the budget for them and never has been, apart from serving as an excuse to hide their policy preferences if the bill had increased the deficit instead of reducing it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LonePirate (Reply #4)

Thu Nov 18, 2021, 06:41 PM

11. It does increase the deficit.

This is only the increased tax enforcement portion. There's another thread about the rest of the bill. The net is a deficit increase, though (in my opinion), a minor one.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mcar (Reply #1)

Thu Nov 18, 2021, 06:32 PM

7. That's only one part of the bill. This isn't a statement as to the net cost/revenue of the entire

bill.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 06:24 PM

2. would increase outlays by $80 billion and revenues by $207 billion.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Reply #2)

Thu Nov 18, 2021, 06:31 PM

6. Gee, this thread is completely different than the other one.

Thanks for providing the basic facts.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to underpants (Reply #6)

Thu Nov 18, 2021, 06:39 PM

10. It's two different things.

This one is about the IRS increasing tax enforcement. The other is about the rest of the bill.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 06:25 PM

3. That sounds like great news, right? Manchin and repugs certainly can't complain...

about increased debt and inflation from those figures.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brush (Reply #3)

Thu Nov 18, 2021, 06:44 PM

13. The NY Times is reporting it differently

https://www.democraticunderground.com/10142828623

Budget Office Determines Democrats' Spending Bill Will Nudge Deficit Higher

Reply to this post

Back to top Alert abuse Link here Permalink


Response to underpants (Reply #13)

Thu Nov 18, 2021, 07:07 PM

16. Won't the increased revenue more than offset that?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 06:28 PM

5. "Lalalalalaaala!!! Can't hear you...." - Maserati Joe

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Carlitos Brigante (Reply #5)

Thu Nov 18, 2021, 06:35 PM

8. Yeah he's got goal posts to move

Reply to this post

Back to top Alert abuse Link here Permalink


Response to padah513 (Reply #8)

Thu Nov 18, 2021, 06:37 PM

9. "Did I say CBO? I meant ZBO.... Yeah, that's totally a thing that I didn't just make up...." nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Carlitos Brigante (Reply #5)

Thu Nov 18, 2021, 06:49 PM

15. Eddie Murphy..lalalala

?t=10

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 06:43 PM

12. Note: this is ONLY the tax enforcement portion of the estimation, not that of the entire bill.

Thread on the rest of the bill here: https://www.democraticunderground.com/100216065069

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 06:45 PM

14. Kick and rec.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 07:09 PM

17. By focusing on who?

On the retired Grandma who sells hand made candles at the Farmers Market?

Or the Plastic Surgeon who manipulates his taxes?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to WarGamer (Reply #17)

Thu Nov 18, 2021, 08:49 PM

22. Almost anyone with direct deposit of their paycheck....

is going to move over 10K a year through their accounts. They can't audit everyone. They should have their computers flag anyone with over 100K moving through their accounts and leave everyone else alone. They should! I know they won't.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SergeStorms (Reply #22)

Thu Nov 18, 2021, 09:00 PM

23. +1000 nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 07:27 PM

18. Raise the tax rates on excessive wealth generation and enforcement pays even bigger dividends. . .nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 07:29 PM

19. waiting for the media to start asking "deficit hawk" rethugs why they oppose a bill the reduces the

deficit.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to demmiblue (Original post)

Thu Nov 18, 2021, 07:34 PM

20. Bill Clinton, the president who put us on track to paying the entire U.S. Debt off by 2009

Approves this message.



And so does Hillary Clinton, the U.S. SoS and U.S. Senator with 62%+ approval ratings.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ffr (Reply #20)

Thu Nov 18, 2021, 07:43 PM

21. Best POTUS of my lifetime...

A wonderful 8-year memory from the wonderful decade... the 90's...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread