The language in our amendment says capital budget reflects those investments, capital investments which produce a long-term economic return. That language was specifically added to make sure to provide greater protection so that we would not be randomly adding any project we wanted. I do not think wages and salaries are a capital investment. I do think concrete and infrastructure are.
Bob Wise: “The language in our amendment says capital budget reflects those investments, capital investments which produce a…”
On the recordMarch 16, 1994
Source
govinfo.govEditor's note · Context
Discussing the definition of capital investments in relation to a budget amendment.
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