Washington, D.C. – House Republican Leader Kevin McCarthy (CA-23) issued the following statement in response to the Congressional Budget Office’s recent scoring of the Democrats’ reconciliation bill.
“Today’s CBO report confirms the obvious – Democrats’ ‘Build Back Agenda’ does not cost $0 as they have been shamelessly claiming for months. But it will instead run American taxpayers $5 trillion in additional government spending, including incurring $3 trillion in new debt.
“At a time when Americans are facing an inflation rate that hasn’t been this high since 1982, artificially injecting trillions into the U.S. economy is the exact opposite of what we should be doing and will only cause prices to increase even more.
“Build Back Better must be defeated in Congress or American consumers will be left paying for the continued consequences of the Democrats’ failed agenda.”