It seems the White House’s deficit numbers still include $600 billion in revenue from auctioning 100% of the cap-and-trade permits. Of course, the current bill auctions only 15%, and gives the rest away. So that’s another $510 billion we can add to the $9 trillion deficit.
It’s not clear whether the Concord Plausible Baseline assumes that $510 billion in revenue or not, but they don’t mention dropping it so I’m guessing it does. If so, we can bump their deficit projection up to $14.9 trillion.
Internet Scofflaw 