A new analysis of the economic impacts of President Joe Biden’s Build Back Better budget reconciliation framework shows that, in contrast to the administration’s claims of a “zero price tag on the debt,” the spending plans would increase the federal debt by 2.6 percent in ten years. The White House on Oct. 28 released a framework for legislative priorities to be taken up by the Senate in the budget reconciliation process, which provides for $1.87 trillion in new spending over a decade. Provisions include a focus on clean energy and various social programs. The Biden administration aims to pay for the plan chiefly by raising taxes on wealthier Americans and corporations. It has repeatedly said that the outlays would be fully paid for and not add to the federal debt. “We talk about price tags. It is zero price tag on the debt,” Biden told reporters at a Sept. 24 …