CBO Estimates Infrastructure Bill Would Add $256B to Deficits
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The Congressional Budget Office (CBO) estimates the notorious $1 trillion Infrastructure bill would add $256 billion to deficits over 10 years, The Wall Street Journal reports. The numbers come as the Senate is about to vote on the bipartisan bill this Saturday.

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Senator Bill Hagerty (R-TN) wrote on Twitter that he was "asked to consent to expedite the process and pass" the bill despite the score:

"I could not, in good conscience, allow that to happen at this hour — especially when the objective of the majority is to hurry up and pass this bill so that they can move quickly to their $3.5 billion tax-and-spend spree designed to implement the Green New Deal and increase Americans' dependence on the government so I objected."

Senator Ron Johnson (R-WI) emphasized he was "shocked" after finding out the bill will add $256 billion to the country's debt:

"Will enough Republican senators still help Schumer, Pelosi, and Sanders further mortgage our children's future?"

However, Rep. Susie Lee (D-NEV), believes that "the effects of these investments will be felt in every corner of this country."

"That is why there is not a moment to lose. We need to act on this legislation now," she said.

The cryptocurrency market has also criticized the bill as being overly impractical and broad. According to Coinbase CEO, Brian Armstrong, the bill "makes no sense" as the bill requires even smart-contracts to be treated as a "broker" with massive reporting obligations. Twitter CEO, Jack Dorsey, also opposed the bill saying it would put "unworkable requirements" on bitcoin (EXANTE: Bitcoin) node runners, developers, and miners.

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