House Passes 'Build Back Better' Social Spending Bill

The transcript covers the passage of the Build Back Better bill in the House, highlighting its key components like prescription cost reduction and climate change funding. It details the House vote, including opposition from Republicans and one Democrat, Jared Golden. The Congressional Budget Office's report on the bill's funding gap and IRS enforcement is discussed, along with reactions from lawmakers. The next steps for the bill in the Senate are outlined, including potential changes and the reconciliation process.

What was the Congressional Budget Office's estimate regarding the funding gap for the bill?

How do lawmakers believe increased IRS enforcement could impact tax revenue?