Henry Waxman empowers the first Death Panel under ObamaCare

[Soul Crusher]

Waxman Convenes the First Death Panel
The chairman is denouncing businesses for complying with the law.
By JOHN FUND
www.wsj.com
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The health care law is only a week old and already the bullies are throwing their weight around.

Rep. Henry Waxman, chairman of the powerful House Energy and Commerce Committee, is furious that large companies such as AT&T, Caterpillar and Deere are obeying SEC disclosure laws that Congress passed in the wake of the Enron scandal. The three companies were the first of many to take sizeable write-downs because the heath-care bill effectively poses a new tax on retiree drug-benefit plans. Benefit consultants say the new tax could reduce corporate profits by as much as $14 billion.

But Mr. Waxman will have none of it. He wrote to the heads of the three companies summoning them to testify at an April 21 hearing: "The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern." The letter reminded one business reporter of Darth Vader's famous line in "Star Wars" that he found an underling's actions "disturbing" -- just before he strangled him. The Waxman letter was accompanied by a lengthy request for documents that he demanded be produced for the star-chamber hearing.

At least one business group isn't backing down. The American Benefits Council, which represents 300 large corporations, called on President Obama and Congress to repeal the new tax yesterday. The Benefits Council shouldn't expect much sympathy from Chairman Waxman. Mr. Waxman, who he has spent over 35 years in Congress and has no economics background, is convinced the government health-care takeover he has championed for so long can't have negative side effects. Any troublemakers who say otherwise should expect to be summoned to explain themselves before his committee.

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________________________ ________________________ ________________________ _____

These disgusting tyrants deserve to be escorted out of the capital and given a bus ticket home along with a pink slip.

 

[Tito24]

Waxman Convenes the First Death Panel
The chairman is denouncing businesses for complying with the law.
By JOHN FUND
www.wsj.com
________________________ ________________________ ____________

The health care law is only a week old and already the bullies are throwing their weight around.

Rep. Henry Waxman, chairman of the powerful House Energy and Commerce Committee, is furious that large companies such as AT&T, Caterpillar and Deere are obeying SEC disclosure laws that Congress passed in the wake of the Enron scandal. The three companies were the first of many to take sizeable write-downs because the heath-care bill effectively poses a new tax on retiree drug-benefit plans. Benefit consultants say the new tax could reduce corporate profits by as much as $14 billion.

But Mr. Waxman will have none of it. He wrote to the heads of the three companies summoning them to testify at an April 21 hearing: "The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern." The letter reminded one business reporter of Darth Vader's famous line in "Star Wars" that he found an underling's actions "disturbing" -- just before he strangled him. The Waxman letter was accompanied by a lengthy request for documents that he demanded be produced for the star-chamber hearing.

At least one business group isn't backing down. The American Benefits Council, which represents 300 large corporations, called on President Obama and Congress to repeal the new tax yesterday. The Benefits Council shouldn't expect much sympathy from Chairman Waxman. Mr. Waxman, who he has spent over 35 years in Congress and has no economics background, is convinced the government health-care takeover he has championed for so long can't have negative side effects. Any troublemakers who say otherwise should expect to be summoned to explain themselves before his committee.

To read more stories like this one, please subscribe to Political Diary.

________________________ ________________________ ________________________ _____

These disgusting tyrants deserve to be escorted out of the capital and given a bus ticket home along with a pink slip.

 

the article doesn't talk about death panels...It talks about corporate profits

[Soul Crusher]

Talk to John Fund at the WSJ.  It was his title, not mine. 

As for the topic though, it is a big issue considering Sarbanes Oxley requires these companies to report these things.   

[Tito24]

I don't see what the problem is with Waxman wanting to interview the heads of these companies. He has some questions to ask of the heads of these companies..Nothing wrong with that.

I don't think Waxman is upset with them doing what is legally required of publicly listed corps.

[drkaje]

Can people be nominated for "death panel" votes?

[Soul Crusher]

Can people be nominated for "death panel" votes?

I can think of a few people I would like to see stand judgement. 

[Tito24]

perhaps death panels should have Objective experts with no conflicts of interest.

[BM OUT]

I don't see what the problem is with Waxman wanting to interview the heads of these companies. He has some questions to ask of the heads of these companies..Nothing wrong with that.

I don't think Waxman is upset with them doing what is legally required of publicly listed corps.

When does the government get to question ANYTHING a private industry does or says?What f'n buisiness is it of theirs.Waxman and his cronies have bankrupted this nation and he DARES question CEOs of profitable companies?Are you kidding me?This little dwarf who didnt know the drinking age in the movie "bigger stronger faster" or know the steroid laws despite running the commitee to look into steroids.This is the little tiny man that dares questions companies.Its an outrage!!!!!