On Saturday’s broadcast of MSNBC’s “Yasmin Vossoughian Reports,” Rep. Ritchie Torres (D-NY) argued that the $3.5 trillion price tag for the Build Back Better Act reconciliation package “is a modest investment” for an economy the size of America’s.
Torres said, “[T]here’s misconception about the price tag of the Build Back Better Act. The Build Back Better Act, the original draft, it is not 3.5 trillion over the course of a year. It’s over the course of ten years. So, it’s $350 billion. Which, for a $20 trillion economy like ours, is a modest investment. So, I think it’s shortsighted to focus on the price tag.”
Torres later acknowledged that the price tag will have to come down to pass the bill.
Follow Ian Hanchett on Twitter @IanHanchett