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In reply to the discussion: Tax penalty to hit nearly 6M uninsured people [View all]thetonka
(265 posts)33. In contrast to the CBO projections being used to frighten and smear in favor of Obama
(CBS News) The nonpartisan Congressional Budget Office is out with a new estimate of the costs of repealing the Affordable Care Act, the national health care legislation signed into law in 2010. According to the CBO, if Mitt Romney and his fellow Republicans are successful in repealing the law, it would increase the federal budget deficit by an estimated $109 billion between 2013 and 2022.
"Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period," the CBO and Joint Committee on Taxation said.
H.R. 6079 is the "Repeal of Obamacare Act," which was passed by the GOP-led House on July 11. The vote marked the 33rd time the House has voted to repeal all or part of the law, and the first since the Supreme Court ruled it Constitutional in June.
The CBO also released a new estimate of the cost of the health care law's Medicaid expansion component in light of the Supreme Court's ruling that states have the right to opt out. It estimated the decision would reduce the cost of insurance coverage provisions of the law by $84 billion.
"Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period," the CBO and Joint Committee on Taxation said.
H.R. 6079 is the "Repeal of Obamacare Act," which was passed by the GOP-led House on July 11. The vote marked the 33rd time the House has voted to repeal all or part of the law, and the first since the Supreme Court ruled it Constitutional in June.
The CBO also released a new estimate of the cost of the health care law's Medicaid expansion component in light of the Supreme Court's ruling that states have the right to opt out. It estimated the decision would reduce the cost of insurance coverage provisions of the law by $84 billion.
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Let's get this straight: You say the CBO is "intending to frighten people and smear the President"??
brentspeak
Sep 2012
#2
Since it's the CBO analysts who have announced new, revised projections on this
brentspeak
Sep 2012
#18
In contrast to the CBO projections being used to frighten and smear in favor of Obama
thetonka
Sep 2012
#33
we cant cite the cbo when it backs our opinions then blow it off when it doesnt - save that for the
leftyohiolib
Sep 2012
#3
Of course we can, just like when we watch Joey Scar on Mourning Schmoe so we can complain here on DU
winstars
Sep 2012
#8
Your comment is so representative of one of DU's great strengths...
FailureToCommunicate
Sep 2012
#20
I found the art. on abcnews.com. The law doesn't affect those who can't afford it.
Honeycombe8
Sep 2012
#9
Roughly how many middle-class and low-income households will receive subsidies?
brentspeak
Sep 2012
#16