CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion

Discussion in 'Politics' started by carpro, Jan 7, 2011.

  1. carpro

    carpro
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    http://spectator.org/blog/2011/01/07/breaking-cbo-says-repealing-ob

    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.
     

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