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Scott bill would add interest costs to CBO estimates
- Sen. Rick Scott of Florida proposed requiring federal budget estimates to include public-debt servicing costs.
- The bill would direct the Congressional Budget Office and Joint Committee on Taxation to include those costs when practicable.
- Scott said including interest costs would give lawmakers and the public a clearer view of the expense of spending.
- The proposal would change budget estimates but would not directly address spending offsets.
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Scott bill would add interest costs to CBO estimates
(The Center Square) – U.S. Sen. Rick Scott, R-Fla., wants federal budget scorekeepers to include the cost of servicing the public debt in every estimate, which he says would give taxpayers a fuller picture of what bills actually cost.
·Cherokee County, United States
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Leaning Left3Leaning Right14Center17Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 41%
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