General News

HR 3590 PASSED by a vote of 219 - 212  (click picture for complete study)

• $528 billion in total cuts to Medicare
• $206  billion  in total cuts to Medicare Advantage plans
• $569 billion in new taxes and tax increases
• $52 billion in new taxes on employer from employer mandate
• 16, 500 new jobs for the IRS

The Congressional Budget Office (CBO) reports that, if enacted, the House-passed health care reform legislation ("Patient Protection and Affordable Care Act”) would, over the next 10 years, cost about $950 billion, but as scored by CBO it would raise revenues and lower costs, it would also lower federal deficits by $138 billion. In other words, a bill that would set up two new entitlement spending programs — health insurance subsidies and long-term health care benefits — and alter another  entitlement program would improve the nation’s bottom line.

How? - The CBO is required to take written legislation at face value and score it accordingly.

The State Chamber of Oklahoma has completed it's survey on Workers' Compensation Reform.  Some of the highlights include:

• Three out of four (75%) Oklahoma business owners believe Oklahoma's workers' compensation system imposes costs on businesses that hurt job growth.
• Eight-two percent of Oklahoma business owners say they would support the Oklahoma State Legislature passing significant workers' compensation reform.
• Two out of three (66%) business owners say they would support the Oklahoma State Legislature passing workers' compensation reform which includes abolishing the current court system and changing to an administrative system.
• Seventy-seven percent of business owners in Oklahoma say they will support candidates for public office that are willing to vote for strong workers' compensation reform.
• Oklahoma business owners feel Oklahoma's workers' compensation system is the second most important issue facing them today in terms of importance to the success of their businesses - second only to "access to a skilled workforce."

To see the full survey and results - click here.
To see the comments from employers across the state - click here.

For more information - visit SourceHub.