Political Quotes

John Sarbanes: “In fact, as I understand it, the Congressional Budget Office said in a report evaluating the various stimulus options…”

On the recordJanuary 25, 2002
In fact, as I understand it, the Congressional Budget Office said in a report evaluating the various stimulus options: Extending the period during which such expensing could be used would reduce the bang for the buck because it would decrease businesses' incentive to invest in the first year and increase the total revenue cost. We would lose on the stimulus front, and we would add to the deficit problem, which the Senator has so ably outlined, that we confront as we look out into the future.
Said by
John Sarbanes
Democratic · Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the impact of stimulus options on business investment and the deficit.

Share

Share on XShare on FacebookEmail this quote

More from John Sarbanes

May 9, 2023

Without the strong and continued investment the EPA has requested for the Chesapeake Bay Program in fiscal year 2024, the risk is we could jeopardize decades of work in collaboration towards the Bay's restoration.

congress.gov
Apr 26, 2023

The goal was not to federalize elections across the country; the goal was to set some uniform standards.

congress.gov
Mar 29, 2023

This is an important function that our committee plays. We take it seriously.

congress.gov
Mar 22, 2023

The more time that middle and high schoolers spend on social media, the evidence is, the more likely they are to experience depression and anxiety.

congress.gov
View all John Sarbanes quotes

Other voices in this conversation