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Brian Dees, director of the National Economic Council in the White House, insists that the Build Back Better Act is financially responsible and really pays off over time, despite claims against Obama administration experts.
Daisy suggested measures such as the bill’s tax reform, pushing back on arguments that the bill does not cover long-term costs, which would impose a 15% minimum on larger, more profitable corporations.
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“So when you look at the impact of those policies as a whole, it will reduce the deficit by about $ 112 billion this decade,” Dees said in a LBL Sunday interview. “In the second decade, the bill will reduce the deficit by more than $ 2 trillion.”
However, Steve Ratner, a former senior adviser to the Obama administration, says the only way to claim that the bill has been paid is to use “budget gimmicks” that rely on sunset conditions to predict the future. It is possible to update them in reality. Ratner cited a responsible federal budget committee that said it would add at least $ 800 billion to the deficit over the next five years.
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Dees argued that the renewal of benefits would be determined by future Congress and that it was not fair to base the assessment on the bill on what they could do.
Later in the program, Dees avoided the question of China and whether Biden would lift the tariffs of the Trump era.
“We are engaged with our Chinese counterparts but with a clear understanding that we are representing American interests, we are going to take the necessary steps to protect those American interests,” he said. “But that would impede not only tariff policy, but also other issues such as procurement, commitments made by the Chinese government, and Chinese intellectual property theft.
Deese criticized former President Donald Trump’s first-stage deal, claiming that it “did not adequately protect many American economic interests,” but did not hold the end of the China agreement.