Thursday, April 15, 2010

Henry Waxman and CEO Testimony

News Flash -
CEOs had been asked to testify before a U.S. House subcommittee investigating the companies' claims that the new health care bill will affect their ability to provide coverage for its retirees, and will therefore cost the companies millions of dollars.
The Subcommittee on Oversight and Investigations also wanted Caterpillar and other companies to document the claims and explain how they arrived at the amounts they claim the new law will cost them.  Representative Henry Waxman, who called for the grilling of those CEOs,  has called off the testimony.   Someone actually read the legal requirements for companies to actually show their expenses, and found that they were only following the law.  It must be so disappointing to not be able to rail against big companies as evil doers.

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