Annie
Diamond Member
- Nov 22, 2003
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And now this...
The American Spectator : AmSpecBlog : BREAKING: CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion
The American Spectator : AmSpecBlog : BREAKING: CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion
BREAKING: CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion
By Philip Klein on 1.7.11 @ 1:56PM
The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction.
Full email, from Edward "Sandy" Davis, CBO's Associate Director for Legislative Affairs, below.
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