The following information should be attributed to Finance Committee aides. Upon release of the Chairman’s Mark this morning, Senator Baucus asserted that the cost of the bill he put before the Finance Committee was $856 billion over 10 years. The Congressional Budget Office later released its analysis stating that the gross cost of the Chairman’s Mark bill is $774 billion over 10 years. The Finance Committee staff does not question the CBO analysis. Both numbers are accurate, depending upon whether related policy initiatives are scored individually or combined into a net score. This $82 billion difference is principally attributable to this netting convention.
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