July 22, 2009 10:39 am ET
On July 22, 2009, the office of House Minority Whip Eric Cantor released a web video filled with false claims about health care reform. The video relies on inflated costs and faulty statistics to hide the fact that the Republican plan is grossly inadequate for American families struggling in today's economy.
Rep. Cantor's Claim: "How much will it cost? $1.6 Trillion. Cost has consequences." [GOP Whip Video, accessed 7/22/09]
CQ: "The CBO Estimate Released Late Friday Pegs The Gross Cost Of The Bill (HR 3200) At $1.04 Trillion." According to CQ Politics, "The House version of a health care overhaul bill would produce a deficit of $239 billion over 10 years, according to a new Congressional Budget Office estimate. The CBO estimate released late Friday pegs the gross cost of the bill (HR 3200) at $1.04 trillion, with the price tag partially offset by a surtax on the wealthy and other revenue raisers that would raise $583 billion and anticipated efficiencies that would squeeze $219 billion out of Medicare and Medicaid." [CQ Politics, 7/19/09]
Rep. Cantor's Claim:
NARRATOR: Cost has consequences. Obama said he wouldn't raise taxes.
OBAMA: Under my plan no family making less than $250,000 a year will see any form of tax increase.
NARRATOR: But now won't rule it out. [GOP Whip Video, accessed 7/22/09]
NYT: The Surtax Being Considered In The House Only Affects Families Earning Over $350,000 Annually. As reported by the New York Times, "Under the House bill, the surtax would apply to individuals with adjusted gross incomes of more than $280,000 and couples filing joint returns with incomes over $350,000. Aides to Ms. Pelosi said she wanted to lift the thresholds to $500,000 for individuals and $1 million for joint filers, so the new levy could be described as a tax on millionaires." [New York Times, 7/20/09]
Rep. Cantor's Claim: "The Republican Plan. If you like what you have, you can keep it. Access to affordable, basic coverage. Will the Democrats join us?" [GOP Whip Video, accessed 7/22/09]
The Republicans' "plan" includes a tax credit to families that is meant to help offset the costs of health care - a tax credit that is nowhere close to the amount needed to purchase health coverage for the average American family.
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