OBAMACare BENNETTCare

Transcription

1 OBAMACare BENNETTCare No matter who wins...you lose!

2 OBAMACare INCREASES FEDERAL SPENDING OBAMACare: The Congressional Budget Office estimates that the coverage provisions in the Senate's version of Obamacare will cost $848 billion over 10 years. KILLS JOBS WITH NEW TAXES OBAMACare: Obamacare creates a tax on employers with more than 50 full-time workers if their employees receive a subsidy through the exchange. This so-called free rider mandate would increase taxes on employers by $28 billion. IMPOSES INDIVIDUAL MANDATES OBAMACare: Obamacare mandates that all lawful residents (with only limited exceptions) have government-approved health insurance coverage. LEVIES FINES FOR NON-COMPLIANCE OBAMACare: The Senate's version of Obamacare levies annual fines of up to $2,250 per family beginning in 2016 if a citizen doesn't have government-approved health coverage. Source: H.R.3590, Ch48, Sec. 5000A(c)(2) REDISTRIBUTES WEALTH OBAMACare: Obamacare redistributes wealth by providing tax credits for individuals to buy health insurance even if their adjusted gross income is 400% above the federal poverty line. A family of four earning as much as $88,000 will receive tax credits on a sliding scale according to income. Source for all Obamacare facts is U.S Senate Republican Policy Committee, Legislative Notice No. 28 unless noted otherwise.

3 INCREASES FEDERAL SPENDING BENNETTCare BENNETTCare: Under Bennettcare, the Congressional Budget Office estimates most health insurance premiums that are now paid privately would flow through the Federal budget, and total Federal outlays for health insurance premiums would be on the order of $1.3 trillion to $1.4 trillion in Source: Congressional Budget Office Letter to Senator Bennett, May 1, 2008, Attachment C, Page 1 KILLS JOBS WITH NEW TAXES BENNETTCare: Under Senator Bennett's proposal, employers pay a new tax equal to between 2 percent and 25 percent of the national average premium for the minimum benefits package for each employee. Source: Congressional Budget Office Letter to Senator Bennett, May 1, 2008, Attachment C, Page 1 & S.391 Sec. 3411(b)(1) IMPOSES INDIVIDUAL MANDATES BENNETTCare: Bennett's plan would mandate that all citizens (with only limited exceptions) buy government-approved health insurance coverage. Source: S.391, Section 102, Individual Responsibility to Enroll in a Healthy Americans Private Insurance Plan LEVIES FINES FOR NON-COMPLIANCE BENNETTCare: Under Bennett's plan if a citizen doesn't buy a government-approved health insurance plan, that citizen could face government fines equal to the average cost of the minimum premium plus 15%. Source: S.391, Sec. 102(b) Penalty for Failure to Purchase Coverage REDISTRIBUTES WEALTH BENNETTCare: Bennett s proposal redistributes wealth by providing partial subsidies for people to buy health insurance even if their adjusted gross income is 400% above the federal poverty line. A family of four earning as much as $88,000 will receive subsidies on a sliding scale according to income. Source: S.391, Sec. 121(b) Partial Subsidies for Other Individuals and Families

4 BAD HEALTHCARE PLANS AREN T THE ONLY THING BOB BENNETT & BARACK OBAMA HAVE IN COMMON. BENNETT & OBAMA BOTH LIKE SPENDING Of the first six domestic spending bills passed by the Senate in 2009, Bennett voted for every single one. He joined Olympia Snowe as one of just nine Senate Republicans to back Obama's bloated spending agenda. Source: 2009 Roll Call Vote #217, 248, 261, 287, 298 & excludes DHS & DoD appropriations BENNETT & OBAMA VOTED FOR BAILOUTS But Bennett didn t just vote with Obama for the bill that bailed out Wall Street with your tax dollars, as a member of the Senate Banking Committee he worked with Democrats to create the bill that bailed out Wall Street with your tax dollars. Source: 2008 Roll Call Vote #213 BENNETT & OBAMA VOTED AGAINST RECOGNIZING A MORAL OBLIGATION FOR GOVERNMENT TO SPEND WITHIN ITS MEANS Bennett voted against an amendment that recommended that the Senate had a moral obligation to offset the cost of new government programs and authorizations in order to reduce deficit spending and the national debt. Source: 2007 Roll Call Vote #140 BENNETT & OBAMA SUPPORTED THE BRIDGE TO NOWHERE Bennett voted against an amendment that would defund the Bridge to Nowhere pork project. Source: 2005 Roll Call Vote #262 VOTE ON MARCH 23RD AT YOUR PRECINCT CAUCUS

5 MORE REASONS TO STOP BOB BENNETT BENNETT IS NOT CONCERNED WITH DEFICITS Utah Republican Sen. Bob Bennett said he erred in voting three times in the 1990s for a constitutional amendment requiring a balanced budget, and today the public need not be overly concerned with the $7 trillion federal deficit. Source: Salt Lake Tribune, 02/20/04 Senator Bob Bennett voted against an amendment that would prohibit Social Security surplus funds from being spent on other government programs. Source: 2008 Roll Call Vote #65 BENNETT LIKES EARMARKS Last August, Bob Bennett signed his Financial Disclosure Report, which showed holdings in one particular company worth up to $50,000. Then for fiscal year 2010 he requested three earmarks for that same company totaling $12 million. Source: Bennett's Financial Disclosure Report, Aug. 7, 2009 & Taxpayer.net Over the course of his career, Bennett has supported countless earmarks like $200,000 for a museum in Omaha, Nebraska, and $3.7 million to the AFL-CIO unions. Source: 2009 Roll Call Vote #215 & 2007 Roll Call Vote #385 Bennett voted against a one-year earmark moratorium. Source: 2008 Roll Call Vote #75 BENNETT IS TOO COZY WITH FANNIE MAE AND FREDDIE MAC Few politicians have more ties to Freddie and Fannie than Utah Senator Bob Bennett, who topped all Republicans in campaign contributions from the mortgage duo since Source: Salt Lake Tribune, 09/12/08 Bennett helped kill reform of Fannie Mae and Freddie Mac, which led to the global financial crisis of According to the U.S. House s Committee of Oversight and Reform, reform legislation was approved by the [Senate Banking] Committee only after Senator Robert Bennett, whose son was employed by the Fannie Mae partnership office in Utah, attached an amendment that stripped the provision which would have allowed a new regulator to limit [Fannie Mae s and Freddie Mac s] leverage. This led the Bush Administration to withdraw its support from the weakened legislation, which ultimately failed to pass the full Senate. Source: Staff Report, U.S. House of Representatives, 111th Congress, The Role of Government Affordable Housing Policy in Creating the Global Financial Crisis of 2008 BENNETT BROKE HIS WORD When Bob Bennett ran for the U.S. Senate [the first time], he was very vocal in saying he'd only serve two terms - 12 years and he'd retire. He broke his own word when he ran for a third term in He's breaking it again running for a fourth six-year term in Source: Deseret News, 10/07/98 VOTE ON MARCH 23RD AT YOUR PRECINCT CAUCUS

6 Make Your Voice Heard: Vote on March 23rd! Since Senator Bob Bennett was last elected to Washington, he voted to bail out Wall Street with taxpayer money, voted for billions in wasteful spending like Alaska's bridge to nowhere, and even joined with liberals supporting big government health care every bit as bad as Obamacare. facebook.com/stopbobbennett Now Sen. Bennett hopes to skip a Republican Primary election by stacking the March 23 caucus meetings with his cronies. If Bennett gets just 2,100 delegates there will be no primary! twitter.com/club4growth Had enough? Vote at your precinct caucus meeting March 23 at 7:00 PM. To find out where, visit us at BobBennett.com. PAID FOR BY THE CLUB FOR GROWTH AND NOT AUTHORIZED BY ANY CANDIDATE OR CANDIDATE S COMMITTEE