Business Interests: No Health Care Reform

Eleven of the nation's largest business groups are beginning a multimillion-dollar TV ad campaign that says the health overhaul legislation in the House would raise taxes and worsen the economy without curbing medical expenses.

"Over $500 billion in crushing tax increases. But nothing to control rising health care costs," says the ad, which is to begin running Monday evening on national cable TV and in 19 states. It calls the legislation "a bill America can't afford to pay."

Special Report: Health Care Reform

The commercial is the latest example of stepped-up opposition by large segments of the business community as the House and Senate prepare to vote on Democratic bills revamping the nation's health care system.

Calling themselves Employers for a Healthy Economy, the coalition of sponsoring groups ranges from the National Federation of Independent Business, which represents small businesses, to organizations representing large corporations like the U.S. Chamber of Commerce.

The House plans to vote on the Democratic-written legislation this week. Senate Democratic leaders have not written a final version of their legislation.

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App