On the recordJuly 10, 2012
I might add that health insurance companies and pharmaceutical companies helped write the President's health care bill. And 2 years ago, when the discussion was on the floor about this bill, our friends on the other side of the aisle never talked about tax increases in the bill. I assume they didn't talk about it because they didn't know about it because the Speaker at that time said we'll find out what's in the bill after we pass the bill. Well, when the Supreme Court upheld this law, they did so because of the taxing power of the Congress, and they said certain things were taxes. That brought up the issue of taxes. So when we went through this bill, we found 21 new taxes on the American people that will amount to about $800 billion over 10 years. Taxes on high-cost health plans, taxes on health insurance providers, taxes on brand-name drugs, taxes on medical devices, taxes on flexible spending accounts, and others. I could go on and on and on. I would urge the repeal of this legislation.
