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Kenny Hulshof: “The amount that H.R. 5203 would add to the budget deficit this year: zero. The amount that H.R. 5203 would add to the…”

On the recordSeptember 4, 2002
The amount that H.R. 5203 would add to the budget deficit this year: zero. The amount that H.R. 5203 would add to the budget deficit of next year: zero. The amount that H.R. 5203 would add to the budget deficit in the next 6, 7 years: zero. In fact, I would say to the gentleman, as he cites the Congressional Budget Office, that when the budget impact of H.R. 5203 hits in the year 2011 to the tune of $2.3 billion, CBO projects that we will be back in the black to the tune of $3.2 billion. Also, in the year 2012, when there is a budget impact from our bill today of another $3.2 billion, CBO projects another $522 billion of surplus. The other point I would like to make, especially to the gentleman from Michigan, is this: we are trying to make permanent one of the provisions that he sponsored.
Said by
Kenny Hulshof
Missouri
Source
govinfo.gov

Editor's note · Context

Discussing the budget impact of H.R. 5203 and its relation to a bill coauthored by Mr. Levin.

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