The Congressional Budget Office this afternoon released more details on the budgetary effects of repealing the healthcare law. In his director’s blog, CBO Director Douglas Elmendorf said the office believes repealing the law would reduce revenues by $770 billion through 2021 and reduce spending by $540 billion in that same time period.
The result is the same $230 billion deficit that CBO estimated Thursday. But identifying the $540 billion in reduced spending might make it easier for Republicans to argue that repealing the law is an attempt to cut government spending and reduce the tax burden. Republicans have generally argued that the healthcare law means more spending and higher taxes to pay for that spending.
Full Story: CBO offers more details on cost of repealing healthcare – The Hill’s Floor Action