Quantcast
Connect with us

CBO: Repealing Obamacare would increase deficit by $109 billion

Published

on

Repealing all of President Barack Obama’s health care law would increase the federal budget deficit by about $109 billion from 2013 to 2022, according to the Congressional Budget Office.

House Republicans have voted more than 30 times to repeal the Affordable Care Act, claiming the law will increase the deficit, hurt job growth, and make health care more expensive. But in a letter to House Speaker John Boehner (R-OH) the CBO explained that the latest repeal bill, H.R. 6079, would reduce spending by $890 billion but slash revenues by $1 trillion.

“Deficits would be increased under H.R. 6079 because the net savings from eliminating the insurance coverage provisions would be more than offset by the combination of other spending increases and revenue reductions,” CBO director Douglas W. Elmendorf explained.

H.R. 6079 was passed in the House on July 11, but like the many repeal bills before it, has no chance of surviving the Democratic-led Senate.

Previously, the CBO had estimated that repealing the Affordable Care Act would increase the national budget deficit by $940 billion. But it revised its estimate in the wake of the Supreme Court’s ruling in June, which allowed states to opt out of the law’s Medicaid expansion.

“What we know from today’s CBO report, as well as from similar reports from CBO and the Medicare actuary, is that the new health care law is dramatically increasing health care spending and costs – costs to our economy, costs to taxpayers, and costs to states,” Senate Republican Leader Mitch McConnell (R-KY) said in a statement. “In addition, today’s report also shows that taxes will increase by more than $1 trillion under Obamacare. The House has already acted to repeal this deeply flawed law and the Senate should do the same.”

ADVERTISEMENT

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Rep. Ted Lieu asks special counsel to bring the hammer down on Jared Kushner for Hatch Act violations

Published

on

Rep. Ted Lieu (D-CA) and Rep. Don Beyer (D-VA) have asked the Office of Special Counsel to open an investigation into Jared Kushner for alleged violations of the Hatch Act.

According to the congressmen, Kushner violated the law by "engaging in prohibited campaign fundraising activities."

Reports have suggested that Kushner has used his official role in the White House to aid President Donald Trump's reelection effort.

NEW: @RepDonBeyer & @RepTedLieu ask Office of Special Counsel to investigate whether WH senior advisor Jared Kushner has violated Hatch Act by “engaging in prohibited campaign fundraising activities,” citing news reports Kushner used his official office to aid Trump's campaign.

Continue Reading

Breaking Banner

‘Black students don’t tip’: Texas restaurant says forcing African-American kids to pay gratuity is not racist

Published

on

A restaurant in Cypress, Texas has come under fire after an employee allegedly said that black students "don't tip."

Brittany Blakney told KPRC that she and her friends went to Locatelli’s restaurant to celebrate graduating from Prairie View A&M University.

Blakney said that she was surprised to find out that the server had already added a 15% gratuity to her check.

“He said, 'Black students from Prairie View don’t tip,'” she recalled.

Continue Reading
 

Breaking Banner

Supreme Court rejects Virginia GOP’s last-ditch attempt to block fair legislative elections

Published

on

On Monday, the Supreme Court handed down their decision in Virginia House of Delegates v. Bethune-Hill, shutting down the Virginia GOP's last ditch effort to rig the upcoming state legislative election taking place this November.

In 5-4 decision, the justices held that the House of Delegates has no standing to appeal the decision made by the lower court. The vote broke along unusual lines, with Justice Ruth Bader Ginsburg writing for a majority with Justices Sonia Sotomayor, Elena Kagan, Clarence Thomas, and Neil Gorsuch, and Justice Samuel Alito writing a dissent joined by Chief Justice John Roberts and Justices Stephen Breyer and Brett Kavanaugh.

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link