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US CBO released full cost estimate for its “Build Back Better” law by Reuters on Thursday

(Reuters) – The US Congress’ budget bureau announced it would release a full estimate of the cost of President Joe Biden’s “Build Back Better” bill on Thursday afternoon.

The $ 1.75 trillion proposal aims to expand the social safety net in the United States and promote climate change policies.

The CBO, a non-partisan arm of Congress, is expected to come up with revenue figures for the IRS and drug pricing rules, Democratic lawmakers said.

If passed by the House of Representatives, the social policy law would pass into the Senate, also controlled by the Democrats, where Majority Leader Chuck Schumer plans to pass it before the Thanksgiving holiday on November 25th.

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