senator orrin hatch renew the effort today.a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study commission that obamacare will increase the cost of a family plan by $7200. do any of you remember the original statement by the president and his team? this is a plus. but it would cut it by $2500. in government terms, it is a $10,000 swing. so how do the officials feel about those rising premiums? well, here you are. >> why have the rates risen, and will be they rise further? >> i think that what we are seeing is pretty good news. i used to watch this day in and day out. we have seen far feral or increases in the last few years than in the previous decade. >> i do not even believe she said that. do you? double-digit increases. they are not as big and yet obama, in his land, that is what passes for goodness. obamacare does not fully kick in until next year. it is going to get better. >> pres

orrin hatch in the senate, senate finance committee is doing the same thing. the president goes to bed every night with sugarplums dancing in his head about raising taxes, not reforming them. so there's a conflict, of vision here as to what direction they want to go. melissa: okay. i have a solution. do it for them. we've been working on this today. let's break it down for them and go through some of your suggestions that made a lot of sense. >> sure. melissa: simplifying the tax code, closing some of the loopholes. number one, ira's and 401(k) accounts should have no cap. >> right. melissa: you should be able to save tax-free. why does that make sense? >> you want to reduce the cost of capital. you want to get more investment. you want americans to be able to save more. this was an idea that was put forward during the bush years and got caught up in stuff. basically allow people to have a personal savings account to put as much money into as they want and as long as it is building up, it is not taxed. it is only taxed when you take it out and spend it. it wou

these are the senators who voted against that in committee, orrin hatch, lindsey graham, ted cruz, jeff flake and jeff sessions all voted against strengthening the penalties for straw purchases. also today, there has been a huge release of new information about the elementary school shooting at newtown, connecticut, information in some cases different from what we thought we had known before. in detailed, very long search warrant reports released by connecticut prosecutors today, we learned a lot of new information about sandy hook. we learned about the large numbers of weapons of all kinds recorded from home to of the sandy hook shooter, different knives and swords and blades, a number of guns including the gun the shooter used to kill his mother before going to the school that morning. a huge amount, myriad of different kinds of ammunition. a lot of shotgun ammunition, some handgun ammunition and ammunition for the rifle with which the shooter killed 21st graders and six adults at sandy hook elementary. we also learned more today and different details than told previously about how th

six of the eight are fully familiar with the issues including senator orrin hatch, who has been in theate, worked closely with ted kennedy knows these issues backwards and forward. mike lee from utah has been in the senate for two years maybe he doesn't know that much, ted cruz but-- >> michael: we've been debating it now for ten years. it reminds me of brown versus board of education and the deliberate speed. now is the time for speed on this issue. >> absolutely. >> michael: do you think there is a parallel between those two? >> i absolutely do. i was so astounded at the notion that there needs to be more time. it's been more than ten years. i'm very glad to see some republicans including senator rand paul are talking about a path to citizenship. >> michael: that is important but senator paul did not use the word "citizenship" in his speech. nor did he use the term "pathway to citizenship" because of the polarizing term. what do you think about semantics here. >> well, here's the thing, i guess they think that latinos hispanic, are not as sophisticated. it's like 30 years ago if you

sharp blow to the president's health care law three years after it was passed republican senator orrin hatch and democratic senator amy klobuchar leading the charge repealing a key medical device tax that helps bankroll the law. stuart varney, anchor of "varney & company" on the fox who upwards 40 million people will be paying a whole lot more for their individual coverage after obamacare takes full effect next year. in some cases, the premiums that we will pay will double. remember this is a 17,000 page list of rules for obamacare. it takes full effect next year, january the 1st, and already you can see a great deal of dissent on how to pay for it and what it's actually going to cost and there is real, real concern here, that it won't be implemented properly on time. heather: yeah. all those exchanges. 33 different states, not forming them on their own. >> that's right. heather: thanks so much, stu. we appreciate it. we'll talk a little bit more about it with our political panel later. bill: what do you do with this now? you were counting on this revenue to pay for other aspects of the law.

so did senator orrin hatch using the hash tag broken promises. a new study estimates insurance companies will pay on average 32% more for claims on individual insurance plans because of obama care. some states fare worse. the report says california will see a 62% increase by 2017. wisconsin and ohio, an 80% increase. those costs the report says will likely be passed on to consumers. but the obama administration is criticizing the accuracy of the study saying it ignores a number of elements of the law that are expected to bring down costs. the white house is also taking aim at the group that conducted the study. >> well i think you're setting a study that i believe was conducted by a health insurance company. that's critical of the affordable care act. so that part i'm not particularly surprised about. >> reporter: the society of actuaries contracted with a subsidiary of united health group to crunch the numbers for the report, wolf, but the society, itself, is nonpartisan and it says it stands by the numbers and the analysis. i will say, wolf, i

investors''s' amgen talked about the fact that they would take a hit. ,his was put in by two senators orrin hatchnd max baucus. this is the kind of thing that happens in congress fairly frequently. there are all these details and small bits of language and it is hard to unfurl what is going on. it is the kind of thing the ethics committee would be looking at, members of congress benefiting one company with legislation. this never ends up within the purview of the ethics committee. congress who of have been disciplined in the house of representatives. there have been 23 centers -- 10 reprimands. bill allison, before we get back to the calls, tell us what the sunlight foundation is and what you do. is tryingt foundation to make government more transparent. we begin with a focus on congress. we have spread out and we are looking at state legislatures. we have a site that makes all state bills much more sensible and easier for the public access and follow. we have a policy department that pushes for greater transparency in congress around the country. we look at international issues around government

in 2006 i worked with senators orrin hatch and tom harkin to pass the dietary supplement and nonprescriptione law requires dietary supplement manufacturers to report serious adverse events to the food and drug administration. today's g.a.o. reports since the law was enacted serious adverse events reported to the f.d.a. have increased dramatically from 400 reports of serious events in 2007 to 6,000 thiew 307 between 2008 and 2011. it highlights commendable efforts to improve the safety of dietary supplements. in 2008 there were only 120 inspections in the united states. by 2012 that number was up to 400 inspections. between 2008 and 2011, f.d.a. took 19 regulatory actions including warning letters, injunctions against companies that didn't report as required like reporting serious adverse events but omitting contact information on their labels. that's pretty basic, isn't it? when you buy a product you ought to at least know who made it and how you contact the people who made it. if something goes wrong, you need to contact something someone. that basic information should be there. in addition

max baucus, the chairman, orrin hatch, give this to the committee that knows ho how to do this and also, oh, by the way, we're going to shudder the doors to any high school group that wants to come to the white house. what's that all about? it lowers the level of the debate and our debt and deficit crisis. >> senator roberts, thanks for coming back to "the situation room." appreciate it. >> you bet. ask me back. >> i will. >>> college isn't supposed to be only for the rich but we're getting new numbers that is suggesting otherwise. college tuition including at state universities. as certified recovery specialists at lifelock, we're dedicated to getting you back on track from identity theft. to protect you from being a victim in the first place, we have specialists for that, too. ♪ [ alarm blaring ] ♪ [ lasers zapping ] ♪ yep. we make a pretty good team. [ male announcer ] call 1-800-lifelock or go to lifelock.com today. carrots...yes. chicken wings...uh ha, sure. chips...craveable. celery...this is fun. okay i love it, i love it. chicken nuggets... what's going on? pita chips...deliciou

the finance committee, under the chairmanship of max baucus and the ranking member's leadership, orrin hatch, all of us on the finance committee, we've been meeting, as republicans, as democrats, and then together, we can do this job. give us six months to do it right, give a flashing light at the end of the room saying, "do no harm," we can get this thing done. the current system is a drain on individual and business resources. it's one of the main causes of our sluggish economic growth. we need to put in place a tax code for the 21st century, one that recognize the nature of the international trade system in which we compete. and, boy, there is competition. and one that recognizes the changes to our domestic business environment. we also need to lower corporate rates so that the u.s. is no longer -- or that the u.s. has no longer the highest rate -- the highest rate -- in the developed world. it is critical that congress encourage economic growth, private-sector job creation by putting in place a tax system that is simpler, fair to her all taxpayers. a tax system that doesn't change every