Nonpartisan Org Says Democrats’ Budget Would Costs $2.4 Trillion, Not $1.75 Trillion

Speaker of the House Nancy Pelosi (D-Calif.), accompanied by House Majority Whip James Clyburn, (D-S.C.)(L) and House Majority Leader Steny Hoyer (D-Md.), speaks to reporters at the Capitol in Washington on Nov. 5, 2021. Jose Luis Magana/AP Photo

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan organization with an emphasis on federal finances, has said that Democrats’ budget reconciliation, which Democrats have marketed as a $1.75 trillion bill, will actually cost around $2.4 trillion.

The $1.75 trillion bill was unveiled by the White House after months of negotiations with a handful of moderates who refused to vote for the original, more expansive $3.5 trillion budget proposal.