[Hoot Gibson]

No surprise here. Companies that complain about Obamacare causing their costs to soar will be singled out for harassment by the Obama thugocracy.

I hope these companies have budgeted enough to cover the legal costs that will be incurred to defend their business decisions. IRS audits cannot be far behind Senate witch hunts.

[INDENT]

Democrats threaten companies hit hard by health care bill

Rep. Henry Waxman, chairman of the House Committee on Energy and Commerce, has summoned some of the nation's top executives to Capitol Hill to defend their assessment that the new national health care reform law will cost their companies hundreds of millions of dollars in health insurance expenses. Waxman is also demanding that the executives give lawmakers internal company documents related to health care finances -- a move one committee Republicans describes as "an attempt to intimidate and silence opponents of the Democrats' flawed health care reform legislation."

On Thursday and Friday, the companies -- so far, they include AT&T, Verizon, Caterpillar, Deere, Valero Energy, AK Steel and 3M -- said a tax provision in the new health care law will make it far more expensive to provide prescription drug coverage to their retired employees. Now, both retirees and current employees of those companies are wondering whether the new law could mean reduced or canceled benefits for them in the future.

The news is an embarrassment for Democrats. As President Obama and congressional leaders tout the purported benefits of the new health care law, some of the nation's biggest companies are saying it will mean higher costs and fewer benefits -- not exactly what Democrats want to hear in the days after their historic victory.

[/INDENT]

[Old School]

Chicago style politics at it's best.

Looks like the IRS will be busy this year, I'm sure the extra 16,500 employee's will come in handy.

[Matman]

Waxman needs to go. He wastes so much money on these and other witch hunts. He questions people on subjects he knows nothing about. His lack of knowlege is mind blowing. Without assitants i don't know if he could even make it to work everyday.

[Mr.Kimball]

Waxman needs to go. He wastes so much money on these and other witch hunts. He questions people on subjects he knows nothing about. His lack of knowlege is mind blowing. Without assitants i don't know if he could even make it to work everyday.

Are you talking about Waxman or the entire Obama cabinet?

[Hoot Gibson]

The scary thing is that Waxman is one of the most qualified committee chairmen in Queen Nancy's court. There are not any sharp knives in that drawer.