#shorts On 4/27/2023, a reporter asked Press secretary Karine Jean-Pierre, “So I wanted to ask you about the Inflation Reduction Act. The Penn Wharton Budget Model just came out, which I realize you probably haven’t seen, but it — it released new cost estimates, previously saying that it would cost $385 billion over 10 years. The new estimate based on implementation details for the climate provision is now more than a trillion dollars over 10 years. Is — is government spending a concern for this President?

MS. Jean-Pierre: So, look, the higher score reflects — and I did see this report. The higher score reflects that the Joint Committee on Taxation assumption that the Inflation Reduction Act will spur more manufacturing projects and more clean energy deployment than when JCT originally scored the bill. That is a good thing. It means — it means more private sector investments … The Inflation Reduction Act increasingly reduces the deficit as time passes, including that second decade, as I was– just mentioned, and beyond … So, moreover, a number of experts have said that the CBO likely underestimated the deficit reduction from the Inflation Reduction Act’s crackdown on rich tax cheats …

other clips of this published longer video is here: https://youtu.be/PONa0Cf5zs0
Karine Jean-Pierre Says Exploding Cost Of So-Called “Inflation Reduction Act” Is “A Good Thing”