dollars in new taxes and money taken from medicare not to expand insolvency, but to raid it to pay for the new government program. now, both the congressional budget offers and the chief actuary of medicare have warned that the cuts in the program are double counted, but siphoned off to cover the new subsidies and spending the same dollars twice. democrats say it reduces the deficit by 143 billion over ten years, but republicans argue if you exclude at that double counting of medicare cuts and some other budget maneuvers, the house plan actually deepens the deficit by 660 billion. so, the two sides remain on two different planets, when it comes to the cost and the impact of the health care reforms. jeff. jim angle live in the washington news room, thanks, good to see you. we re waiting for the u.s. house of representatives to begin another round of voting on this senate health bill a live look on capitol hill as they press ahead with the legislation and republicans vow to continue
half a trillion dollars in new tax, $523 billion of money taken from medicare not to expand its insolvency but raid to it pay for the new government program. and the cbo, congressional budget office and the chief actuary of medicare say the current bill counts the cuts in medicare as extending the life of the program and also siphons off the money to spend on the new subsidies. and thus spending the same dollars twice. but, democrats point to the cbo judgment that the bill would reduce the deficit by 143 billion over ten years and republicans counter the cbo has to accept whatever congress promises to do, such as make massive cuts in waste, fraud and abuse in medicare. everybody knows it is not true, if you could save a half trillion dollars in waste, fraud and abuse wouldn t the president have done it before now? paul ryan argues that if you exclude the double counting in medicare cuts, as some other budget maneuvers, the house democratic plan would actually add to the deficit