Political Quotes

Pete Stark: There is approximately a $2.5 billion cost, but the true cost, if the gentleman will yield, is actually over $5 billion.…

On the recordOctober 23, 1997
There is approximately a $2.5 billion cost, but the true cost, if the gentleman will yield, is actually over $5 billion. There is a gimmick in here, strictly for budget purposes. The bill is sunset at the end of 5 years. If the Members can name a tax loophole that has ever been allowed to sunset, then I would say he could make the point, but the fact is if this goes on, the 10-year cost approaches $5 billion, money that we could use to rebuild schools across the country and use for every American child, not merely the 2 rac{1}{2} billion that is in here. So not only is it heading in the wrong direction, there is a subterfuge here that understates the cost by a great deal. I thank the gentleman for his observations.
Said by
Pete Stark
California

Editor's note · Context

Discussing the financial implications of a proposed bill.

Share

More from Pete Stark

Apr 26, 2012

The CBO has said it would lead to an increase in overall national health spending as seniors and people with disabilities are moved into less efficient, more costly private plans.

congress.gov
Apr 26, 2012

If we had vouchers, or whatever you want to call premium support things, the Medicare would stop being a defined benefit plan and become a defined contribution plan, would it not?

congress.gov
Jun 20, 2012

we are not being asked to contribute anything to pay for that war. Lower income people maybe are.

congress.gov
Jan 23, 2017

Two leading doctors at Harvard Medical School have concluded that 43,000 people will be killed annually if the ACA is repealed without a replacement.

congress.gov

Other voices in this conversation