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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (554597)	3/12/2010 7:52:47 AM
From: Alighieri	Read Replies (1) \| Respond to of 1571966

Why do they do that, because the bill starts the taxes years before the benefit payments, ... If the taxes had started during a period of recession it would have been counterproductive to recovery...an argument the reps have made despite the implemented delay. and the CBO's procedure's are to use 10 year windows. Quit repeating this untruth. The CBO has made a projection of the effect on deficit for the first and the second decade, during which it estimates even higher deficit reduction momentum. Al ============================================================ CBO Tweaks Health Care Score March 11, 2010 2:08 PM \| Permalink \| Comments (0) \| Share This By Reid Wilson The CBO has revised its score of the Senate health care bill, telling Senate leadership the measure will cost slightly more than previous estimates based on when the bill would be enacted. In a letter the Senate Maj. Leader Harry Reid and the top members of relevent committees, CBO chief Douglas Elmendorf says the legislation would cost $875B over the next decade while reducing the federal deficit by $118B. The savings estimate is down from the net reduction of $132B the bill would have provided according to the earlier estimate. Federal spending on health care would increase by $210B over the next decade, $10B higher than the previous estimate. But cost savings would grow faster than outlays, meaning federal spending on health care would actually decrease. Providing new health care coverage would cost $624B, according to the estimate, while provisions that impact spending on health care would drop $478B. Taxes and other revenue-creating methods would reduce costs an additional $264B. The CBO also estimates the deficit will fall farther in the decade following the '10-'19 estimate, by a quarter to a half of a point of GDP. The new estimate does not include sidecar legislation that would make key fixes to the Senate bill, without which Dems would not be able to corral the votes to pass the measure. The CBO is still scoring the separate fix legislation, which could increase the bill's overall cost. View the official score here. [pdf]