“Plank-By-Plank”: Shutting Down Slush Funds & Saving Taxpayers Billions in New Health Care Law
The new health care law is threatening American jobs and worsening our debt crisis, and the new House majority is keeping its Pledge to America to – as Speaker Boehner put it – “take this law apart, step by step.” Today the House of Representatives will vote on legislation repealing some of the slush funds in the job-crushing law and saving taxpayers billions of dollars.
Energy & Commerce Committee Chairman Fred Upton (R-MI) says the slush fund identified in H.R. 1213 is “an unlimited tap on the federal treasury to push for the establishment of state-based exchanges” without Congressional approval.
How much would repealing it save? According to the nonpartisan Congressional Budget Office (CBO), H.R. 1213 would save taxpayers $14 billion over the next 10 years. Repealing the other slush fund identified by H.R. 1214 would save taxpayers another $100 million.
The Washington Post says these two measures “are just the latest in a series” aimed at dismantling the new health care law “plank-by-plank.” Since January, Republicans have voted to fully repeal and defund the $2.6 trillion law. They’ve successful fought to repeal the job-destroying 1099 small business mandate. The $315 billion spending cut agreement included several provisions undermining the law. And the House has already started the process of replacing the health care law with common-sense solutions that would protect jobs and bring down costs for families and small businesses.