Yesterday I mentioned the Congressional Budget Office’s estimate that the Baucus bill will cost roughly 830 billion dollars and lead to a deficit reduction over the next ten years — 2010 to 2019. The CBO is required to make a ten-year estimate.
However, what is not clear in all the news reports on this is that the bill wont’t take effect until 2013. And the first-year costs are only a few billion dollars since there are all sorts of provisions intact for first-year glitches and bumps.
The real costs will be more than a trillion dollars over the actual first ten years of the bill’s implementation.
Hat tip to Alex over at Race 4 2012
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