CBO: Senate Health Bill Reduces Premiums, Deficit, Middle Class Taxes
U.S. Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding the Congressional Budget Office (CBO) score of the Senate Republican health plan:
"Americans need relief from the failed Obamacare law. The Senate will soon take action on a bill that the Congressional Budget Office just confirmed will reduce the growth in premiums under Obamacare, reduce taxes on the middle class, and reduce the deficit. The American people need better care now, and this legislation includes the necessary tools to provide it."
Note: The CBO analysis specifically finds that the Senate health care bill:
Lowers premiums by 30% in 2020 compared to current law.
Provides more than $331 billion in deficit reduction.
Cuts taxes by $700 billion.