On the recordJuly 11, 2012
I thank the gentleman for yielding. Madam Speaker, do you remember these lines when the President was pitching the health care bill? He said: If you like what you have, you can keep it. It will not add a single dime to the deficit. This is absolutely not a tax increase, and it will bring down premiums by $2,500 for the typical family. The gentlelady from California a moment ago spoke about things to take away. Let's take this away. Let's take away the reality of this new health care law that has done this. It is now clear that 20 million Americans are likely to lose their employer-based health coverage. The law will cost $2.6 trillion if fully implemented and add over $700 billion to the deficit. It has $500 billion in new taxes that are triggered towards the middle class. And the average increase in family premiums doesn't go down $2,500; it goes up $1,200. Here is what we should take away. We should take away this albatross in the economy. We should repeal it. We should replace it. And here is the good news. The voters get the last word in November. Stay tuned.
