On the recordFebruary 8, 1994
as we speak--the Congressional Budget Office is testifying before the Ways and Means Committee that the President's health care proposal should be included in his budget. That is a conclusion many of us reached months ago. The CBO states that the financial transactions of the health alliances should be included in the Federal Government's accounts, and the premium payments should be shown as Governmental receipts. Why did the President leave health care out of his budget? Because they increase his budget by 25 percent and amount to the largest tax hike in history. The President's program is financed by huge premium payments--a.k.a. taxes--placed on the shoulders of each and every employer in this Nation. That is more of the same old tired Government taxing and spending--and needs to be included in the budget. So today as administration officials scurry across Capitol Hill lobbying for favorable treatment of their budget, the real truth is coming out before the Ways and Means Committee--thank you CBO.
Source
govinfo.gov




