Next, the deficit, but first someone in Instapundit comments credibly claimed compared to 2019 we're paying half a trillion more per year in interest on the Federal debt (see first link for some clues to that). Three ways out of that, I suppose at best we'll do all of them: inflation, economic growth, and lower interest rates. The latter is potentially explosive because "Biden" sold a lot of short term debt even when rates were very low.
OK, Miller says it's (very partisan I say) CBO math to count keeping the 2018 "tax cuts" increases the deficit. Here you must first remember the CBO does "static accounting," assumes tax rate cuts don't change behavior, in a tax regime which is very explicit about changing a lot of behavior.
So where are we on the Laffer Curve? Which is a very real thing, I watched my father's business behavior change a lot after Reagan's tax rate cuts took effect, and we curse Reagan for giving the Federal government a lot more money.
On the other hand, we have to see how the SALT debacle plays out, or if it's even "big money" in the scheme of things. State and Local Tax Deduction, Red state residents subsidize the Blue state ones by letting them deduct those from their Federal income.
I was amazed in 2017 when this was capped at ten thousand, but (thanks to comprehensive Democrat vote cheating) the House has a razor thing Republican majority and the BBB will be vetoed by the ten or so Blue state reps unless the limit is removed or significantly increased. But here you'll need to do the numbers, not to mention see how the sausage is further processed in the Senate.
The rest looks fine except for "The only funding in the bill is for the President’s border and defense priorities" and I wonder how that passes reconciliation rule muster ... but in any case we have to see how this plays out in the Senate anyway. Like, does the Senate Parliamentarian play ball? Does she want to keep her job?
The history is weird, one Robert Dove was fired twice from the position, to be replaced by the same Allen Frumin twice :cirnothinking:
https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Recent_statistics
https://en.wikipedia.org/wiki/Laffer_curve
https://en.wikipedia.org/wiki/Parliamentarian_of_the_United_States_Senate