While liberals mock Republicans for their several failed attempts to repeal the Affordable Care Act, they overlook the fact that these conservatives may actually be doing so out of hopes of fixing our economy. The Senate’s latest anti-Obamacare bill for instance, the Restoring Americans’ Healthcare Freedom Reconciliation Act, which passed on December 3, would help take a big chunk out of our deficit, the Congressional Budget Office reports.
According to the CBO, repealing ObamaCare’s subsidies and Medicaid expansion would cut federal spending by almost $1.4 trillion over the next 10 years. And getting rid of its myriad tax hikes would reduce tax revenues by $1.1 trillion, resulting in $281 billion decrease in projected deficits over the next decade.
In total, the deficit reduction has the potential to rise to $474 billion, mainly because the economic growth would boost revenue, Investor’s Business Daily explains.
Hm. Maybe those Republicans aren’t so crazy after all?