John Sarbanes: “If you count in the additional interest costs which would have to be…”

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?

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John Sarbanes

Democratic · Maryland

Source

govinfo.gov

Editor's note · Context

Discussing the financial implications of a proposed tax cut.

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

Editor's note · Context