ResearchMonkey
Well-Known Member
CBO: Repealing ObamaCare Will Cut $540 Billion in Spending, Prevent Job-Killing Tax Hikes
The Congressional Budget Office (CBO) confirmed today that the Repealing the Job-Killing Health Care Law Act (H.R. 2) will cut projected government spending by more than half-a-trillion dollars and prevent job-killing tax hikes on families and small businesses. From the CBO Director’s Blog:
No wonder former CBO Director Douglas Holtz-Eakin calls repealing the job-killing health care law the “first step toward fiscal sanity.”
Speaker.gov
This almost slipped by under the radar during the Sarah's fault hatefest. It looks like a good target, we should fight for this VictoryThe Congressional Budget Office (CBO) confirmed today that the Repealing the Job-Killing Health Care Law Act (H.R. 2) will cut projected government spending by more than half-a-trillion dollars and prevent job-killing tax hikes on families and small businesses. From the CBO Director’s Blog:
“CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion…”
In other words, “revenues” equal tax hikes – the GOP bill will stop $770 billion in tax hikes. And “outlays” equal spending – the GOP bill will cut $540 billion in government spending.
No wonder former CBO Director Douglas Holtz-Eakin calls repealing the job-killing health care law the “first step toward fiscal sanity.”
Speaker.gov