WASHINGTON D.C. (WTAQ) - Wisconsin congressmen from both parties are teaming up on a new fiscal measure, with the goal of freeing up more federal money for medical research.
House Republican Reid Ribble of Sherwood and Democrat Mark Pocan of Madison have unveiled a bill to create a new fiscal division in the Congressional Budget Office.
It would provide $5 million a year to study the potential costs and benefits of legislation for up to 40 years in the future. The budget agency currently gives cost and benefit estimates for ten years out.
Ribble says it's not long enough to produce future benefits that could cure major diseases like obesity, diabetes, and Alzheimer's. He says the current house policy is to only pass bills with payoffs, so a lot of medical research proposals are cast aside.
Ribble says it doesn't make sense. Pocan agrees, saying the new bill would improve the nation's long term health by getting a better view of what today's investments can really do.
(Story courtesy of Wheeler News Service)