Posts Tagged ‘America’s Affordable Health Choices Act’
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July 15, 2009CBO: House Health Reform Costs $1.3 Trillion
Heritage’s The Morning Bell details today how the Congressional Budget Office’s (CBO) preliminary analysis of the new House bill, ”America’s Affordable Health Choices Act,” puts the price tag for this latest proposal for health care reform at a cool $1.3 trillion over 10 years.
House Democrats have proposed paying for part of the total bill for that time period – not even half at an estimated $540 billion – by placing a surtax on individuals and families above a certain income level. While Congress may call this taxing the wealthy, but it will really affect small business income earned in the United States.
“Taxes will continue to rise to unsustainable levels if health care spending continues to rise,” Heritage noted about the bill in The Foundry.
Tags: America's Affordable Health Choices Act, health reform, trillion
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