Ross: So much defunding!

Nov 19, 2021, 5:55 AM | Updated: 9:27 am
A copy of H.R.5376, the Build Back Better Act, is seen as the House Rules Committee begins work on President Joe Biden's sweeping domestic agenda, the Build Back Better Act, at the Capitol in Washington, on Nov. 3, 2021. (AP Photo/J. Scott Applewhite)
(AP Photo/J. Scott Applewhite)

The Congressional Budget Office has released its analysis of the Biden Build Back Better Bill, and it’s not what the President had hoped. The bill does not pay for itself.

According to the CBO, paying for the programs in the bill would add another $367 billion to the national debt over 10 years.

Right now, the national debt is $28.9 trillion, which means that the $367 billion would be an increase of 1.2% over 10 years.

So, now that we know how much the bill would increase the debt, let’s find out why the President said it wouldn’t.

Apparently, he was a little too generous in estimating the extra tax revenue that the IRS would collect from his plan to beef up tax investigations. Biden expected to collect an extra $400 billion by stricter enforcement of the tax rules – but the accountants said no way is that going to happen. They figure he’ll get less than half that amount. There’s the discrepancy.

And I’ll admit, that bugs me. It bugs me regardless of what’s in the bill itself. Because this is not about raising taxes, it’s not about imposing a new wealth tax, it’s just making people pay what they already owe. It’s about going after lawbreakers.

And yet, the IRS audit force has been shrinking year after year. Even crazier is that with all the outrage over the calls to defund the police – I don’t hear any outrage over defunding the IRS! But that’s law enforcement too, right? And it pays off. Even the accountants at the CBO found that the $80 billion the president wants to put into the IRS would return $207 billion over 10 years. Again, not by raising taxes, but by making the cheaters pay.

So there’s the reason the bill won’t pay for itself: Because as a nation, we’re OK with tax cheats.

And the great irony in all this is that those dire warnings about the national debt are coming from some of the same people who’ve been gleefully defunding the agency that could help pay it off.

Listen to Seattle’s Morning News weekday mornings from 5 – 9 a.m. on KIRO Radio, 97.3 FM. Subscribe to the podcast here.

Dave Ross on KIRO Radio 97.3 FM
  • listen to dave rossTune in to KIRO Radio weekdays at 5am for Dave Ross on Seattle's Morning News.

Dave's Commentary

Dave Ross

KIRO Radio staff

Mayfield: How scared of the omicron variant should we actually be?

The omicron variant is stranding travelers and rattling markets. It just sounds scary, but what if we're getting ahead of ourselves?
1 day ago
Wuhan, COVID, market...
MyNorthwest Staff

UW Medicine’s head of Virology: Live market ‘more likely the start’ of COVID

Scientists have been trying to trace the actual origins of the virus that causes COVID, to find if it came from a market, a lab, or somewhere else.
2 days ago
MyNorthwest Staff

Study determines the ideal time to sleep based on biological clock

Is there a specific time when you should be going to sleep? Mercer Island MD Dr. Gordon Gohen explains the results of a study from the United Kingdom.
3 days ago
downtown seattle...
Dave Ross

Ross: Seattle’s next mayor promises a drier downtown experience

Yes, people want to be safe downtown, but they would also like to be able to go from store to store in November and December without getting soaked.
6 days ago
MyNorthwest Staff

Check your dishwasher, fridge, and bathroom before hosting for the holidays

We're used to holiday tips, but this is the first time Dave Ross says he's read about the home maintenance you should be doing for the holidays.
7 days ago
Ahmaud Arbery trial, God...
Dave Ross

Ross: Maybe God wanted us to see this

Based on the teaching that God is Love, maybe He wanted us to see how good people could end up killing an innocent man.
7 days ago

Sponsored Articles

Experience Anacortes

Coastal Christmas Celebration Week in Anacortes

With minimal travel time required and every activity under the sun, Anacortes is the perfect vacation spot for all ages.

Delayed-Onset PTSD: Signs and Symptoms

Lakeside-Milam Recovery Centers SPONSORED — You’re probably familiar with post-traumatic stress disorder. Often abbreviated as PTSD, this condition is diagnosed when a person experiences a set of symptoms for at least a month after a traumatic event. However, for some people, these issues take longer to develop. This results in a diagnosis of delayed-onset PTSD […]

Medicare open enrollment ends Dec. 7. Free unbiased help is here!

Washington State Office of the Insurance Commissioner SPONSORED — Medicare’s Open Enrollment Period, also called the Annual Election Period, is Oct. 15 to Dec. 7. During this time, people enrolled in Medicare can: Switch from Original Medicare to a Medicare Advantage plan and vice versa. Join, drop or switch a Part D prescription drug plan, […]

How to Have a Stress-Free Real Estate Experience

The real estate industry has adapted and sellers are taking full advantage of new real estate models. One of which is Every Door Real Estate.
IQ Air

How Poor Air Quality Is Affecting Our Future Athletes

You cannot control your child’s breathing environment 100% of the time, but you can make a huge impact.
Swedish Health Services

Special Coverage: National Prostate Cancer Awareness Month

There are a wide variety of treatment options available for men with prostate cancer. The most technologically advanced treatment option in the Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform.