Mike Levin said "While we are on this line--I am wondering, while we are focused on this one line of the bill, I have not had a chance to ask my friend from Idaho this question either. Is the reference to ``adjusted annually for inflation,'' adjusted from the effective date of the law, so that if the law is effective January 1, 1996, that that is the baseline for the $100 million, and then if it is 3 percent inflation, on January 1, 1997, this then will reread $103 million? Is that the intent of the Senator from Idaho?" @ PoliticalQuotes.com

On the recordJanuary 19, 1995

While we are on this line--I am wondering, while we are focused on this one line of the bill, I have not had a chance to ask my friend from Idaho this question either. Is the reference to ``adjusted annually for inflation,'' adjusted from the effective date of the law, so that if the law is effective January 1, 1996, that that is the baseline for the $100 million, and then if it is 3 percent inflation, on January 1, 1997, this then will reread $103 million? Is that the intent of the Senator from Idaho?

Said by

Mike Levin

Democratic · California

Source

govinfo.gov

Editor's note · Context

Questioning the inflation adjustment mechanism in a bill during Senate floor debate.

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