Upton on Obamacare's One Year Anniversary – Promises Made, Promises Broken
WASHINGTON, DC - House Energy and Commerce Committee Chairman Fred Upton (R-MI) today issued the following statement on the one year anniversary of the health care law:
"The past year has been one filled with broken promises. When President Obama signed into law the health care package, Democrats promised it would create jobs, lower costs, and they proclaimed, 'if you like your health care plan, you can keep your health care plan.' One year later, we understand the law actually stifles job creation, increases costs for all taxpayers,...
Obamacare Price Tag Spikes by 54%
According to CBO's latest estimates, the cost of Obamacare has increased by $500 billion.-- Meaning, in only one year, the cost has increased from an already staggering $938 billion price tag to $1.445 trillion.
Let's put that into perspective. Half a trillion dollars could buy:
â€¢--All 32 NFL Teams ($32.7 billion), 30 NBA Teams ($11 billion), 30 MLB Teams ($14.7 billion), and 30 NHL Teams ($6.68 billion) almost 8 times.â€¢--1,002,004,008 iPad 2s ($499)â€¢--A Ford F-150 for every resident in New York City, Los Angeles, Chicago, Houston,...
Energy and Power Subcommittee will Hold Field Hearing to Examine Impacts of EPA Regulations on the State of Texas
WASHINGTON, DC - The U.S. House Energy and Commerce Subcommittee on Energy and Power, chaired by Rep. Ed Whitfield (R-KY), will hold a field hearing in Houston, Texas, on Thursday, March 24, 2011, at 9:30 a.m. to discuss the impact of the Environmental Protection Agency's greenhouse gas and Clean Air Act regulations on Texas' economy, energy prices, and jobs.
The state of Texas plays a critical role in our national economy, producing roughly 9.5 percent of America's manufacturing output, a large share of the country's production of...
Republican Governors to President Obama – EPA regulations
Lori Ann LaRocco, CNBC Sr. Talent Producer(03/18/2011)
CNBC has learned before President Obama leaves for Rio, he'll be getting a letter signed by more than 18 GOP Governors calling on the President for more energy options.
The detailed letter obtained by CNBC lays out concerns over the EPA's policy and regulatory initiatives "within the next five years which will significantly impact the energy industry, increase burdensome costs to consumers, and hurt the competitiveness of U.S. manufacturers."
The 18 governors say the regulations will curtail job and...
Upton, Walden Statement on AT&T's Announced Acquisition of T-Mobile USA
WASHINGTON, DC - Energy and Commerce Chairman Fred Upton (R-MI) and Communications and Technology Subcommittee Chairman Greg Walden (R-OR) today released the following statement regarding AT&T's announcement of its plans to acquire T-Mobile USA:
"We look forward to the ensuing discussion about what this transaction means for consumers, job creation, competition and our evolving communications marketplace. The committee has already expressed interest in examining the Federal Communications Commission's transaction review process, in light of its dual - and often times conflicting - role to provide both transaction approvals...
What About Our Neighbors? President Obama Favors Brazil over North American Allies
The President still doesn't get it. In the wake of political unrest in the Middle East and $100/barrel oil, the President has embraced Brazil's ability to develop its own resources - yet he fails to do the same in North America.
Much has been said about the irony of the President's embrace of Brazilian offshore development while his administration continues to stand in the way of similar offshore resources in American waters. But it's also worth noting that the President's double-standard seems to favor Brazil over our northern...
NEWS: E&E Daily "House Republicans Cast Doubts on Stimulus Spending"
House Republicans took aim at the Department of Energy's stimulus spending yesterday, pointing to its delayed projects and flawed oversight as an example of broader problems with the American Reinvestment and Recovery Act.
DOE has so far spent about $12.4 billion of the $35 billion it received two years ago under the Recovery Act. That money has gone to programs that weatherize homes, clean up former nuclear weapons sites and fund clean energy projects.
Some lawmakers think the money has not been spent quickly enough -- or with...
More Obamacare Double Counting Confirmed
The House Energy and Commerce Health Subcommittee today held a hearing to examine the implementation and sustainability of the CLASS program.-- During the hearing, Administration on Aging Assistant Secretary Kathy Greenlee admitted to Rep. Tim Murphy (R-PA) that funds from the CLASS program were double counted as both funding the program and contributing savings in the health care law. Watch the exchange here.
TranscriptMurphy: So that money is also going to cover the health care bill as well as the CLASS Act?
Greenlee: That sounds accurate.