House Republicans announced Monday that they would vote to repeal health care reform legislation next week. The legislation that they would repeal, according to an estimate by the non-partisan Congressional Budget Office, would reduce the budget deficit by $143 billion over a decade.
According to the rules laid out by the incoming House Republican majority, the House must pay for all new legislation that increases federal spending - and a repeal bill, of course, is a form of legislation. That would suggest that they must come up with $143 billion to make up for the cost of repealing the health care bill.
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