H.R. 2: Repealing the Job-Killing Health Care Law Act

H.R. 2

Repealing the Job-Killing Health Care Law Act

Date
January 19, 2011 (112th Congress, 1st Session)

Staff Contact
Communications

Floor Situation

H.R. 2 will be considered on the House floor on Wednesday, January 19, 2011.  The rule provides for seven hours of debate with one motion to recommit.  Majority Leader Cantor (R-VA) introduced H.R. 2 on January 5, 2011. 

Bill Summary

H.R. 2 would repeal the Patient Protection and Affordable Care Act of 2010, and Title I and subtitle B of Title II of the Health Care and Education Reconciliation Act of 2010.

The legislative digest for the job-destroying health care law can be found here.

Cost

According to the Congressional Budget Office (CBO), H.R. 2 would prevent $770 billion in tax increases and cut spending by $540 billion. 

ObamaCare was designed to hide hundreds of billions of dollars in spending from the scorekeepers at the CBO.  Below is a list of some of these items: 

  • Implementation Costs:  CBO did not count the $115 billion needed to implement the law, such as hiring more government employees or IRS agents.
  • Double Counting:  More than $500 billion in double-counting Social Security payroll taxes and Medicare cuts. 
  • CLASS Premiums:  CBO counted $70 billion in premiums from CLASS (the long-term care program Sen. Conrad called a “ponzi” scheme) but not the liabilities
  • 10 years of Taxes/6 years of Spending:  The CBO score of ObamaCare accounted for the deficit impact for 10 years of tax increases used to offset only six years of spending increases.