that this was a bill that was reckless and costly. we have seen this play out for months and months now. senator manchin at the center of all of this as his colleagues, progressives and moderates, have tried to bring him over and convince him he is the lone stand out they need to pass sh legislation to in fact for it and see what he would find acceptable. they started off as a $6 trillion price tag to this. they cut it down to $3 trillion. then about $1.75 trillion. the latest complaint from manchin was that the child tax credit extended for one year. he said well if you extend it ten years it will be a lot costlier and the cbo, congressional budget office actually scored it as such but the democratic colleagues came back and said. first, the bill you have before you is a one-year extension not ten. that is a hypothetical. and, secondly, the cbo didn t take into account any kind of revenue generating mechanisms
but his democratic colleagues came back and said, first, the bill you have before you is a one-year extension, not ten. that is a hypothetical. and secondly, the cbo didn t take into account any kind of revenue-generating mechanisms that might also be proposed and kick in during that period. so they said it really wasn t a valid complaint. there are some of his colleagues, those of who are most angry, most frustrated who are saying they don t even believe manchin negotiated in good faith. i hope we will bring a strong bill to the floor of the senate as soon as we can, and let mr. manchin explain to the people of west virginia why he doesn t have the guts to stand up to powerful special interests. if he doesn t have the courage to do the right thing for the working families of west virginia and america, let him vote no in front of the whole world. reporter: i spoke with senator dick durbin before they went on recess, and he said that he joked that if they went home to eggnog and f
secondly, the cbo didn t take into account any revenue generating mechanisms that might be proposed and kick in during that period. they said it really wasn t a valid complaint. there are some of his colleagues, those who are most angry, most frustrated who are now saying they don t even believe that manchin negotiated in good faith. i hope that we will bring a strong bill to the floor of the senate as soon as we can and let mr. manchin explain to the people of west virginia why he doesn t have the guts to stand up to powerful special interests. if he doesn t have the courage to do the right thing for the working families of west virginia and america, let him vote no in front of the whole world. reporter: i spoke with senator dick durbin before they went on recess and he joked and said if they went home to eggnog and fruitcake, maybe they would come back with better attitudes and negotiate. he was optimistic they would strike a deal earlier next year. i asked him why.
it as an early christmas gift, that this was a bill that was reckless and costly. we have seen this play out for months and months and months now, senator manchin at the center of all this, as his colleagues, progressives and moderates have tried to bring him over and convince him. he is the lone standout they need to pass this legislation, to in fact vote for it and see what he would find acceptable. they started off as a $6 trillion price tag to this. they cut it down to 3 trillion. and then about $1.75 trillion. the latest complaint from manchin was that the child tax credit extended for one year. he said, well, if you extend it for ten years, it will be a lot cos costlier. and the cbo, the congressional budget office, actually scored it as such. but his democratic colleagues came back and said first the bill you have before you is a one-year extension, not ten. that is a hypothetical. and secondly, the cbo didn t take into account any kind of
can we afford it? you know, chris, we are the only major country on earth that doesn t have it. there are women who give birth today who have to go back to work a week from now. child care system is dysfunctional. elderly people walking the streets with no teeth in their mouths, not to mention the needs of climate. but when it comes to working families, oh, my god. we can t afford it. when it comes to tax space for military spending, no problem. yes, and just on that note, i want to remind people, back in 2017, around this time, when the big corporate tax cut was being pushed through, the cbo estimate had it estimating, adding $1.7 trillion to the deficit. enormous amount to the deficit. it turned out that was an underestimate. it now looks like it s closer to $2.5. the cbo didn t even get it right there. it s turned out to be more expensive than initial projections. and that s what it is. i mean, what we are fighting for now is not only the programs,