Political Quotes

John Sarbanes: “If you count in the additional interest costs which would have to be incurred to do this tax cut because of the…”

On the recordApril 11, 2003
If you count in the additional interest costs which would have to be incurred to do this tax cut because of the borrowing that would be necessary to fill the deficit gap created by the loss of revenues from the tax cut, what would the cost of this tax cut be? It seems to me eminently reasonable that one also ought to factor in the interest costs associated because you have to borrow money in order to do the tax cut. Am I correct that we would have to borrow money in order to do the tax cut?
Said by
John Sarbanes
Democratic · Maryland

Editor's note · Context

Discussing the financial implications of a proposed tax cut.

Share

More from John Sarbanes

May 10, 2023

They want to be on the field of their democracy. They want to feel like they have some power within their own democracy.

congress.gov
Oct 17, 2023

I hope that today's hearing is the first step in continuing that legacy of strong bipartisan support for the Chesapeake Bay in this Congress.

congress.gov
Oct 17, 2023

We would like to thank Rep. Sarbanes for introducing this important piece of bipartisan legislation

congress.gov
Oct 17, 2023

The health of the Chesapeake Bay and its watershed can only continue to improve through robust Federal, state, and local partnerships.

congress.gov

Other voices in this conversation