WASHINGTON – Days before an anticipated vote in the U.S. House of Representatives on House Speaker Nancy Pelosi’s government-run health care legislation, U.S. Representative and Democrat Senate candidate Paul Hodes (D-NH) announced his support for the trillion dollar government takeover of America’s health care system today.
Unfortunately for Granite Staters, Hodes overlooked the fact that Pelosi’s contentious bill will lead to higher taxes for middle class families, job-stifling mandates for small businesses, and cuts in Medicare benefits for seniors in New Hampshire.
“Paul Hodes will be forced to answer for his support of Speaker Pelosi’s health care plan as he applies for a promotion to the U.S. Senate next November,” said National Republican Senatorial Committee (NRSC) spokeswoman Amber Wilkerson Marchand. “At a time when Granite State voters are still struggling to make ends meet, Paul Hodes wants to pass a trillion dollar government takeover of America’s health care system that will increase health care costs and cut benefits for seniors.”
H.R. 3200, As Introduced In July, Would Lead To An Average Increase In Premiums For Medicare Part D. “[T]he Congressional Budget Office (CBO) has estimated the change in Medicare Part D premiums that would result from certain provisions contained in title I in division B of H.R. 3200, America’s Affordable Health Choices Act of 2009, as introduced on July 14, 2009. According to CBO’s estimates, enacting those changes would lead to an average increase in premiums for Part D beneficiaries of about 5 percent in 2011, rising to about 20 percent in 2019.” (“Letter To The Honorable David Camp,” The Congressional Budget Office, 8/28/09)
The Congressional Budget Office Estimated The Cost Of Additional Coverage Alone At Over $1 Trillion. “There was no official estimate on the total cost of the legislation, which ran to 1,990 pages. The Congressional Budget Office said the cost of additional coverage alone was slightly more than $1 trillion over a decade. But that omitted other items, including billions for disease prevention programs.” (David Espo, “House Dems Unveil Health Bill, Cheered On By Obama,” The Associated Press, 10/30/09)
Pelosi’s Final Bill Removed $230 Billion In Reimbursements For Doctors Treating Medicare Patients That Was Included In An Earlier Bill. “Yet another $230 billion or more in higher fees for doctors treating Medicare patients, included in an earlier version of the bill, was stripped out and will be voted on separately.” (David Espo, “House Dems Unveil Health Bill, Cheered On By Obama,” The Associated Press, 10/30/09)
A September Rasmussen Poll Found That More Granite Staters Opposed Obama’s Plans For Health Care Reform Than Favored Them. “Voters in New Hampshire are closely divided over the health care reform plan proposed by President Obama and congressional Democrats: 47% favor it, while 50% are opposed. But the antis feel more strongly, with 42% strongly opposed versus 30% who are strongly in favor of the legislation.” (“Election 2010: New Hampshire Senate,” Rasmussen Reports, 9/16/09)
The Wall Street Journal: Under The Pelosi Bill, “Taxes Will Need To Rise Precipitously.” “In a rational political world, this 1,990-page runaway train would have been derailed months ago. With spending and debt already at record peacetime levels, the bill creates a new and probably unrepealable middle-class entitlement that is designed to expand over time. Taxes will need to rise precipitously, even as ObamaCare so dramatically expands government control of health care that eventually all medicine will be rationed via politics.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
- “The Congressional Budget Office Figures The House Program Will Cost $1.055 Trillion Over A Decade, Which While Far Above The $829 Billion Net Cost That Mrs. Pelosi Fed To Credulous Reporters Is Still A Low-Ball Estimate.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
- The Only Medicare-Related Cut That Is “A Sure Thing” Is Gutting Medicare Advantage To The Tune Of $170 Billion. “Mrs. Pelosi wants to steal $426 billion from future Medicare spending to ‘pay for’ universal coverage. While Medicare’s price controls on doctors and hospitals are certain to be tightened, the only cut that is a sure thing in practice is gutting Medicare Advantage to the tune of $170 billion. Democrats loathe this program because it gives one of out five seniors private insurance options.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
- “All Told, The House Favors $572 Billion In New Taxes, mostly by imposing a 5.4-percentage-point ‘surcharge’ on joint filers earning over $1 million, $500,000 for singles. This tax will raise the top marginal rate to 45% in 2011 from 39.6% when the Bush tax cuts expire—not counting state income taxes and the phase-out of certain deductions and exemptions. The burden will mostly fall on the small businesses that have organized as Subchapter S or limited liability corporations, since the truly wealthy won’t have any difficulty sheltering their incomes.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
- “When Democrats End Up Soaking The Middle Class, Perhaps Via The European-Style Value-Added Tax That Mrs. Pelosi Has Endorsed, They’ll Claim The Deficits That They Created Made Them Do It.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
- “Democrats Are On The Way To Creating A High Structural Unemployment Rate, Much As Europe Has Done By Expanding Its Welfare States.” “Under another new tax, businesses would have to surrender 8% of their payroll to government if they don’t offer insurance or pay at least 72.5% of their workers’ premiums, which eat into wages. Such ‘play or pay’ taxes always become ‘pay or pay’ and will rise over time, with severe consequences for hiring, job creation and ultimately growth. While the U.S. already has one of the highest corporate income tax rates in the world, Democrats are on the way to creating a high structural unemployment rate, much as Europe has done by expanding its welfare states.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
- “[A] Tax Equal To 2.5% Of Adjusted Gross Income Will Also Be Imposed On Some 18 Million People Who CBO Expects Still Won’t Buy Insurance In 2019.” (Editorial, “The Worst Bill Ever,” The Wall Street Journal, 11/1/09)
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