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Chris "Why Doesn't Daddy Want Me?" Wallace Lies About the Cost of House Health Bill

Wednesday, November 04, 2009

By Media Matters

On Fox News Sunday, host Chris Wallace stated that "the nonpartisan Congressional Budget Office says the real price tag [of the House health care reform bill] is $1.05 trillion." However, when accounting for the bill's savings and revenue provisions, the CBO analysis concluded that enacting the bill "would result in a net reduction in federal budget deficits of $104 billion" over 10 years.

Wallace: CBO "says the real price tag is $1.05 trillion"

Wallace reported only on CBO's estimate of bill's gross cost, rather than its net cost. Wallace stated of the bill: "Democrats say the total price tag is $894 billion -- that's under President Obama's ceiling. But the nonpartisan Congressional Budget Office says the real price tag is $1.05 trillion." Wallace also showed a graphic presenting cost estimates that exclude the bill's Medicare savings and high-income surcharge provisions:




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