Black-letter financial accounting rules require that corporations immediately restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. Should these companies have played chicken with the Securities and Exchange Commission to avoid this politically inconvenient reality? Democrats don't like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet.
Apparently, in this brave new world created by Obamacare, having an opinion about its benefits that is at odds with the ruling party is not good for the health of one's company.
As I wrote earlier Waxman wants all internal communications connected to the analysis of how this provision will impact companies, including private emails. Andy McCarthy of NRO got it right in summation of this demand:
“If we are now under a system where disclosure gets you a public whipping and other threats by the Powers That Be while nondisclosure promises the ruinous expenses of defending against criminal investigations and civil enforcement, this is no longer anything but a thugocracy.”