House Majority Leader Eric Cantor falsely claims that a new report confirms the long-held Republican belief that “millions of hardworking Americans will lose their jobs,” because of the Affordable Care Act.
Several readers asked us about Republican comments and news reports saying that a new Congressional Budget Office report had found that the federal health care law would cost double the original estimate. But that’s not what CBO’s report said. Instead, the report shows that the gross yearly costs of the new health care law are likely to be 8.6 percent higher than originally estimated.
Let’s start with the truth. In a March 13 report, the CBO gave updated estimates for the cost of insurance coverage provisions of the law for the 2012-2021 period.
We get plenty of mail — well, e-mail — here at FactCheck.org. In this episode of our vidcast, we read a few of the comments from our mailbag. These readers asked who’s behind the Congressional Budget Office and offered an opinion on the definition of “middle class.”
We tuned in to watch the president’s health care summit at Blair House today — all six-plus hours of it. And we weren’t surprised to hear some factual missteps in the discussion: Sen. Lamar Alexander said premiums will go up for “millions” under the Senate bill and president’s plan, while President Barack Obama said families …
The Hill newspaper reported today that Speaker of the House Nancy Pelosi is already spending "leftover" money from a proposed new tax surcharge:
House Speaker Nancy Pelosi said Thursday that Democrats could use a proposed new tax on the wealthy to pay down the deficit, if there’s money left over after funding healthcare reform.
Pelosi (D-Calif.) said if more savings are found than the initial amount estimated to help offset the $1 trillion-plus healthcare plan, the tax revenues carved out to offset the bill’s cost could be funneled toward deficit reduction.