Since its passage in March 2010, the Patient Protection and Affordable Care Act has become one of the most controversial acts in Barack Obama?s presidency; since then, somewhere between 33 and 37 attempts have been made to repeal all or part of the legislation, and House Majority Leader Eric Cantor announced via Twitter that another vote on Obamacare will occur next week. The Republican representative from Virginia tweeted, ?It just keeps getting worse. I am scheduling a vote for next week on the full repeal of #Obamacare.?
The current count of attempts to undo the law is disputed because Republican House and Senate lawmakers have tried a series of legislative gimmicks ? including procedural moves, budgeting provisions, and outright legislation ? to repeal it.
NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!As the numerous repeal attempts make clear, Republican outcry against the healthcare reform has been loud and sustained.
The website for the Republican Party, operating under its moniker ?Grand Old Party,? outlined the ?case against Obamacare? and its ?unconstitutional mandate? in a 1,600-plus word essay posted in March 2011. The article alleged that the reform will drive up healthcare costs, increase insurance premiums, hurt the quality of health care, increase taxes, and blow up the deficit. Key among the piece?s main arguments were quotes from experts organized in a list-like format. For example, in support of the claim that taxes will increase, the GOP cited Director of the Congressional Budget Office Douglas W. Elmendorf, who wrote in a letter to California Senator Nancy Pelosi that the ?government takeover of healthcare? will be paid for with nearly ?570 billion in job-destroying taxes on small businesses, investments, and innovation.?
Source: http://wallstcheatsheet.com/stocks/are-gop-knives-out-to-repeal-obamacare-again.html/
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