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| October 29th, 2009 |
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Media Contact(s): Mark Eddington and Andrea Saul, 202-224-5251 |
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Printable Version |
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BLOATED DEMOCRATIC HEALTH PLAN WILL ONLY INCREASE HEALTHCARE COSTS FOR AMERICAN FAMILIES
JCT Letter to Hatch Further Proof of Increased Tax Burden |
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WASHINGTON – Sen. Orrin Hatch (R-Utah) today commented on a letter he received from the non-partisan Joint Committee on Taxation (JCT) in response to his inquiry for a complete analysis on what the hundreds of billions of dollars in new taxes on health care plans, medical devices like hearing aids and insulators, and prescription drugs mean for American families and their already sky-high health care costs. The JCT’s response is further proof that the democratic healthcare plan will only increase healthcare costs for American families.
“Today I was given a partial answer to this critical question and the results are astounding,” said Hatch. “The JCT analyzed just a $60 billion dollar sliver of the $409 billion dollars in new taxes and told us what most of us instinctively knew all along: regardless of the window dressing of calling something an excise tax, the result is usually higher prices for consumers, lower wages for employees and lower earnings for businesses.”
In a recent Gallup poll, an astounding 76 percent of Americans believed that under the current health care reform plan their costs could get worse and unfortunately the evidence keeps piling up.
So what does this so called $6.7 billion dollar excise tax mean for American families with health care coverage? As expected, this will simply raise their costs instead of lowering them as promised by President Obama.
Hatch continued, “We can only imagine what the remaining $400 billion in taxes will mean for our families across the nation as we deal with the highest deficit since World War II and unemployment in double digits.
“I will continue to push hard to ensure that Americans everywhere know exactly what the current Democratic health care reform plan means for them. As I have said all along, this issue is too big and too important to be conducted behind closed doors in the dark corners of the White House and the Capitol. Americans everywhere deserve to know every detail of what the Democratic vision of health care reform means for them.”
The full letter is attached here.
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