
Energy and Commerce Committee Chairman Henry Waxman, D-Calif., has canceled a hearing intended to grill CEOs who took a charge against profits because of the health care reform bill. The cancellation came after they realized what everyone already knew - that the companies were required to do what they did because of accounting rules. Waxman and others had reacted with outrage and accused the companies of doing it - in essence, to make health care reform look bad. AT&T took a $1 billion charge and other companies including Caterpillar, John Deere, and Valero Energy, and 3M took hundreds of millions in charges because of the health care reforms.
ATT
John Deere
Caterpillar
Valero
Henry Waxman
Health Care
Obamcare