Scott Statement on CBO Estimates of Build Back Better Act Provisions

November 17, 2021
Press Release

As originally released by the Comittee on Education & Labor

WASHINGTON, DC Chairman Robert C. “Bobby” Scott (VA-03) released the following statement in response to the Congressional Budget Office’s cost estimate for the Education and Labor Committee’s provisions in the Build Back Better Act. 

“The Congressional Budget Office’s estimate confirms two important facts about the Education and Labor Committee’s provisions in the Build Back Better Act. First, it shows that the Build Back Better Act makes historic investments in lowering costs for working families and helping Americans secure good-paying jobs. This proposal will make child care affordable for families, secure universal preschool, help more students access healthy school meals, lower the cost of life-saving prescription drugs, and expand opportunities by investing in higher education and high-quality job training programs.   

“Second, the CBO’s estimate confirms that we can pay for these investments by making corporations and the wealthy pay their fair share in taxes. In fact, the Joint Committee on Taxation found that the entire package is fully paid for and would reduce the deficit over the long term.

“The Build Back Better Act will improve the lives of American families and set the foundation for a better future for students, workers, families, and our economy. I look forward to passing this proposal through the House later this week.” 

###