Rokita says repeal of Obamacare is a priority
Rokita, R-
"The first thing we're going to do is make good on the promise to repeal Obamacare (Affordable Care Act)," Rokita said. "As vice chair of the Budget Committee that bill will come straight through our committee and so I'm going to be in the cross-section of all that."
Rokita said
"I'm not sure when the changes will come, but repealing Obamacare will be the first order of business," he said. "That legislation won't have the replacement components in it because the way reconciliation works the parliamentarian wouldn't allow it to go into the same bill."
Rokita said there will be a time between the repeal and the replacement.
"It will be a phase out. No one is going to fall off a cliff and no one will be left behind," he said. "There will be a step down of it as we work to replace it."
Rokita said there will be parts of Obamacare that
He said one of the worst provisions of Obamacare was reducing the full-time work week from 40 hours per week because it took away the incentive to work.
"There is dignity in working and incentives to work," Rokita said. "We now have a law that basically says the work week goes from 40 hours to 30. That will go out with Obamacare."
Concerning the growing national debt, Rokita said any new spending programs proposed by the Trump administration will have to be paid for.
"I'm excited to work with the new president and he's calling the tune," he said. "I'm willing to meet that agenda as long as the band is paid for. Just because there is a new administration doesn't mean that I'm going to stop caring about the debt."
Rokita said President-elect Trump is proposing spending
"I'm not intending to add to the debt that is increasing," he said. "
"If you really want to start attacking the debt, that has to be in the mix," Rokita commented. "Two-thirds of our federal spending is on three programs and it's not the military and foreign aid."
He said the Trump administration has made no mention of reforming those programs.
"It's where the political rhetoric meets the fiscal reality and that will be up to the Budget Committee," Rokita said.
Follow
___
(c)2016 The Herald Bulletin (Anderson, Ind.)
Visit The Herald Bulletin (Anderson, Ind.) at www.theheraldbulletin.com
Distributed by Tribune Content Agency, LLC.


Grassley Marks Policy, Oversight Accomplishments in 114th Congress
BRIEF: Welltower completes sale of 28 facilities
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- Regulators advance shorter, streamlined annuity buyers guide
- Annuity sales hit record $126.3B as RILA sales top $25B
- More pre-retirees rethink retirement as income-planning concerns grow
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Jackson reports record annuity sales, increases share repurchase authorization
More Annuity NewsHealth/Employee Benefits News
- How to pay less for health insurance through SC’s ACA marketplace
- ACA premium increases in double digits for second year
- New Va. subsidies help lure people back to health insurance
- Oscar Launches New Wave of Consumer Health Insurance Products to South Carolina Individuals and Families
- STATE AUDITOR JAMES BROWN HELPS STOP ADDITIONAL $9.5M IN UNSUPPORTED PAYOUTS CONNECTED WITH OBAMACARE FRAUD SCHEME, BRINGING TOTAL SAVINGS TO $55.6M
More Health/Employee Benefits NewsLife Insurance News
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
- Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
- Start estate planning before the family needs it
- Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth
- AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
More Life Insurance News