They say that when you extrapolate out the $1.10 price of the Commerce Committee bill--or the managers' amendment as I think we should call it--the actual price tag could range as high as $868 billion, because the $1.10 number is based solely on the manufacturers' level and does not count the wholesale or retail markups or any other factors which could lead to price increases, such as state excise taxes?
Orrin Hatch: “They say that when you extrapolate out the $1.10 price of the Commerce Committee bill--or the managers' amendment as I…”
Editor's note · Context
Discussing the potential costs of the Commerce Committee bill during a Senate debate.
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