Thread: News Stories
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Old 2009-06-12, 21:41   Link #3010
LynnieS
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Join Date: Mar 2003
Location: China
U.S. House of Representatives proposal adds US$600 billion in taxes
Quote:
Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.
[...]
Asked whether the cost of a health-care overhaul would be more than $1 trillion over a decade, Rangel said, “the answer is yes.” Some Senate Republicans, including Senator Orrin Hatch of Utah, say the costs will likely exceed $1.5 trillion.
Ouch!
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