Build Back Better Passes House
For the last couple of administrations at least, the Democrats are better at naming their bills. The Build Back Better package not only has a snazzy name that makes it sound like a good law, it also abbreviates down as BBB, or even B3, or whatever. Anyway, the Build Back Better package is good news for American taxpayers and has a lower deficit impact that the Republican’s signature tax cut bill from a few years ago. Plus, if you understand economics well enough, you know that the rising inflation actually makes all of this cheaper. But, this is a finance blog… The news this morning is to realize that this package once again started in the house, and it once again has to go to the Senate where that one corrupt Senator from Arizona has to hem and haw and collect donations for a while before voting on the package, and they have to do the Manchin dance or whatever to. The important thing to remember is that this is not a law yet, and whatever is in it might not be in it when it does eventually become a law, so don’t start planning your taxes around it. If …