House Bill, by the Numbers
Total cost: $1.055 trillion
New Taxes: $572 billion
Cuts to Medicare: $426 billion
Not included: $247 billion needed to stop Medicare payments to doctors from decreasing, pledged to be passed in a separate bill to keep this bill “revenue neutral”
The word regulation appears in the bill 181 times.
The word fees appears in the bill 103 times.
The word tax appears in the bill 214 times.
The word “shall” – as in “must” or “required to” – appears over 3,000 times. “The word, alas, is never preceded by the patriotic phrase “mind our own freaking business.” Not once.”
From Dow Jones Newswires:
“The $1.055 trillion estimate also does not include $245 billion needed to stop Medicare payments to doctors from decreasing, which the House plans to address through separate legislation introduced Thursday.
The costs of the bill are fully offset by cuts to existing spending programs– including the Medicare?Advantage and other programs–saving $426 billion through 2019, and by tax increases raising $572 billion over that time, CBO said. In fact, the combined impact of provisions in the bill would be a net deficit reduction of $104 billion in the next decade, according to CBO.”