CNSNews.com - Finance Committee Health Bill Includes $507 Billion in New Taxes and Fees

Now we watch what the version of the Obama health care bill which comes to a floor vote will look like -- though it is unlikely that either our Senators, Representatives or we will have an opportunity to read it prior to it coming to a vote. Unfortunately last I heard, Oregon Rep. Greg Walden's petition to require bills to be published on the Internet at least 72 hours before a vote is taken was still stalled in committee, lacking the required committee votes to force it out of committee and before the H of R for a vote. This petition would be at least some benefit to the public even though it applies to the House and not the Senate, from what I've heard, being a change to the House rules.

  

People, let's not let down our guard where this health care bill is concerned. It affects each and every citizen in one way or another and, underneath all the flowery speeches by its supporters, would result in the federal government taking over 1/6 of the US economy and having the power to dictate what kind of health care millions would receive.   ~~~   S. Lane

CNSNews.com - Finance Committee Health Bill Includes $507 Billion in New Taxes and Fees

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Finance Committee Health Bill Includes $507 Billion in New Taxes and Fees
Tuesday, October 13, 2009
By Matt Cover

In this Sept. 29, 2009 file photo, Senate Majority Leader Harry Reid, of Nev., right, speaks during a news conference on Capitol Hill in Washington. Senate Finance Committee Chairman Sen. Max Baucus, D-Mont., left, and newly-named Senate Health, Education, Labor and Pensions Committee Chairman Sen. Tom Harkin, D-Iowa, center, listen. (AP Photo/Susan Walsh, File)

(CNSNews.com) – The health-care bill that the Senate Finance Committee will vote on today will cost a total of $829 billion over 10 years, with $507 billion of that cost being covered by new federal taxes and fees, according to the Congressional Budget Office (CBO).

On Oct. 7, the CBO released a report on the budget impact of the “chairman’s mark” summary of the bill that the Finance Committee is set to vote on today. Based on the document it was given, the CBO found that the bill would reduce the federal budget deficit by $81 billion over 10 years.  That estimate was based on the calculation that, if enacted, the bill would bring in $480 billion in new tax revenues and $27 billion in fees.