Wednesday, June 18, 2014

FOR IMMEDIATE RELEASE from BOB CONAWAY for CONGRESS CAMPAIGN [Press Release #5] -- Paul Cook Votes to Penalize the Working Poor & Add by his Co-Sponsorship and Vote on HR 2575 to the Deficit--What's with this guy??

The Congressional Budget Office stated [explaining the budget & social consequences of Paul Cook's "yes" vote on HR 2575]:

"As a consequence of the changes in penalties and in people’s sources of insurance coverage, CBO [Congressional Budget Office] and JCT [Joint Committee on Taxation] estimate that enacting H.R. 2575 would increase budget deficits by $25.4 billion over the 2015-2019 period and by $73.7 billion over the 2015-2024 period. The 2015-2024 total is the net of an increase of $83.0 billion in on-budget costs and $9.3 billion in off-budget savings (the latter attributable to increased revenues). Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. As a result of those changes in who would pay penalties and what amounts they would have to pay, CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting H.R. 2575 would change the sources of health insurance coverage for some people. Specifically, in most years over the 2015-2024 period, CBO and JCT estimate that the legislation would:
(1) Reduce the number of people receiving employment-based coverage—by about 1 million people;
(2) Increase the number of people obtaining coverage through Medicaid, the Children’s Health Insurance Program (CHIP), or health insurance exchanges—by between 500,000 and 1 million people; and
(3) Increase the number of uninsured—by less than 500,000 people"

The entire document is worth a read to understand that Col. Paul Cook (retired) hates President Obama and low income working people so bad (not very Marine of him), he would add to the deficit, and hurt the working poor to "create" a vote against the Affordable Care Act.
Oh yeah, let's not forget, the businesses that get out of paying their workers getting only 30 to 39 hours a week of work health insurance, are shifting the cost to those workers and to the government--more government welfare for the privileged!!

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