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Cavuto Overlooks Bush Tax Cuts To Scaremonger About Health Care Bill

Reported by Ellen - March 22, 2010 -

Guest blogged by Brian

On Saturday (3/20/10), Neil Cavuto mischaracterized the pending health care bill as "the most costly piece of legislation we have seen in a generation." But he conveniently "forgot" that George W. Bush's 2001 tax cuts cost considerably more.

As Media Matters noted, The CBO projected that George W Bush's 2001 Economic Growth and Tax Relief Reconciliation Act would "reduce projected total surpluses by approximately $1.35 trillion over the 2001-2011 period." The CBO estimated that bill, the tax cut bill, would cost $1.22 trillion in its first 10 years.

By contrast, the CBO estimates that the "gross cost of coverage provisions" of Obama's health care plan would cost $940 billion over 10 years. All in all, however, when taking into account cost savings and revenue increases, the CBO scored the plan as reducing the deficit by $138 billion over the first 10 years of its enactment.

Video below via Media Matters.