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Deficit over the next 10 years. there is a fox news poll that says this holiday season most people are concerned about gifts being unaffordable. look at this. 64% gifts unaffordable from inflation. 62% late gifts due to the supply chain. 43% covid affected gatherings. is this the right time to start adding all of this money to our deficit? >> no, it's the absolute wrong time. it's going to make our inflation pressures worse. it's going to destroy the purchasing power of americans even more than anything that joe biden has already done. afternoon let's be very clear about 367 billion that the c...

Deficit neutral because we're going get more money than the budget office thinks we're going get. that's where the discrepancy comes in. >> $367 billion in the deficit over a decade according to the summary, a net increase of the deficit. >> that's right, that's right. >> but that doesn't include -- they're not counting any additional revenue that may be generated for tax. >> right. and the white house says they're going get more than the cbo believes they're going get. that's where the discrepancy comes in. so the white house can go out there and say this is paid for, which is what the modera...

Passion from kevin mccarthy tonight. what's the latest? when do we expect this boat? >> kevin mccarthy has been speaking for almost 50 minutes on the house floor so far. the house is poised to vote on this bill in the next hour. let's crunch the numbers. the evaluation of the bill by the congressional budget office was keying. the bill as about $160 billion to the deficit over a decade. the overall figured is $367 billion, but the cbo analysis does not account for an additional $200 billion in revenue from enhanced irs enforcement. this means the bill increases the deficit. listen. >> so, amer...

House speaker nancy pelosi can only lose three votes on her side and still pass the bill, but her calling card is passing big bills by just a vote or to. pelosi will not put this bill on the floor unless she had the votes. laura? >> laura: chad, the deceived tonight, thank you. i know this is going to shock all of you but biden's spend-o rama, does not come close to paying for itself, not even on paper. the cbo released cost estimates for the bill which project it will increase the deficit by over $367 billion over ten years. and it is likely closer to $2 trillion when you actually take away a...

Right. i don't -- i think the build back better bill has virtually nothing to do with inflation, which is a matter of the next, let's call it, 6 to 15 months. the bill is virtually all paid for. there's a small disagreement of about 5%. >> this says $367 billion that the cbo says it's going to add to the deficit over a decade. >> the cbo said that, but it's over ten years, and it's not counting the money that would come from increased enforcement of tax cheats that the treasury argues would add up to even more than what the -- >> wouldn't it still be a shortfall even with that? >> no, i think ...