I have many disagreements with Mitt Romney’s tax and budget plans and here is one that may surprise a few people who think his promises are all about saving money. On his website, he lists several savings. Among them-

Repeal Obamacare, which would save $95 billion in 2016

The House recently passed a bill that did just that. Or at least it would do so if it also passed the Senate and was not vetoed. Seems a bit unlikely now but there next year there is sure to be a different Congress and maybe a new President. But my point was that the House did pass this bill, HR 6079, which would repeal Obamacare and the Congressional Budget Office (CBO) looked at the fiscal consequences.

In a “Letter to the Honorable John Boehner providing an estimate for H.R. 6079, the Repeal of Obamacare Act”, the CBO did a 10 year estimate of spending and revenue which would result if that legislation became law.

Sure enough there were big saving there but the government was forgoing even more revenue. The bottom line is a net loss to the government of 109 billion dollars. Since this is just an estimate a reasonable guess is that the average cost is about 10 or 11 billion dollars per year. This could just be added to the deficit or we could just add this to Mitt Romney’s tax plan.

I’m sure this figure does vary from year to year as different parts of Obamacare are implemented but since the average appears to actually be net loss to the government Governor Romney should explain why he thinks this action will save 95 billion dollars in 2016. And he might want to mention what he thinks will happen in all those other years.