So, according to various news reports, House Energy and Commerce Chairman Henry Waxman is going to “investigate” corporate America for reacting to the President’s new health care law by promising to take huge tax write-downs because of the expected negative impact of the law on their bottom lines.

This kind of reminds me of when O.J. Simpson decided to launch an “investigation” into who killed his wife.

Who killed the jobs, Mr. Waxman?

You did.  And no matter how you try to shift the blame, you can’t escape that truth.

According to the Daily Caller, “Rep. Henry Waxman demanded that AT&T, Verizon, Caterpillar, and Deere & Co. justify their claims about the “costs the companies plan to book related to the new health-care law.” According to Business Week, “Dallas-based AT&T said in a regulatory filing yesterday it would record $1 billion of costs, the most of any U.S. company so far.  AT&T previously received a tax-free benefit from the government to subsidize health-care costs for retirees. Under the new bill, AT&T will no longer be able to deduct that subsidy.”

Republicans on the House Ways and Means Committee put out a couple of fun facts about the terrible impact of this legislation on job creation.  Read more...