1/07/2011

ObamaCare Repeal Would Lower Taxes On Americans by $770 Billion

Posted by Brian
The Dems are touting this as a fiscal disaster because of the loss of tax revenue to the government.  But keep in mind, that this also means that $770 Billion dollars is going to stay in the accounts and pockets of every American.  Washington has run up record spending over the last four years, yet you won't hear the liberals talking about cutting spending to bloated government programs and Departments.  Since when is allowing people to keep more of the money that they earned through hard work and sweat a bad thing?  Only in Washington, where these pigs in Congress look at every dollar that you earn as money that they need to confiscate and redistribute as they see fit.   The people of this country need to stand up and say "Enough is enough!"  Washington needs to live within its means, just as the rest of us are expected to do.

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

By Philip Klein on 1.7.11 @ 1:56PM
h/t American Spectator

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.
READ MORE HERE--->
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