According to news reports, President Biden and his aides discussed over the holidays how to revive the Build Back Better Act with Senate Democrats. Before any votes are scheduled, it is important for American taxpayers to be made aware of the huge costs they would have to bear if the little-noticed numerous housing proposals in the Act become law.
Currently, the Act includes a proposal to spend more than $160 billion to expand existing low-income housing programs and create major new ones. To keep their apparent cost low, many provisions increase government spending for only a few years. If the proposed reforms are made permanent as intended by proponents, their cost over the next ten years would be much greater, and they would have substantial additional cost each year thereafter.
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