ROBERT PEAR and DAVID M. HERSZENHORN OF THE NEW YORK TIMES WRITE:Read the whole thing here.
Representative Henry A. Waxman, Democrat of California and chairman of the Committee on Energy and Commerce, said he would hold a hearing next month to investigate the effects of the law on big companies. He asked the chief executives of Caterpillar, Deere & Company and Verizon for financial data to document the projected impact of the law on their companies, and he asked them to explain their accounting methods.
“The new law is designed to expand coverage and bring down costs,” Mr. Waxman said, adding that he would be concerned if it drove up costs.
Update: More on this at Powerline, includes copies of the letters Waxmen sent to the executives. Very interesting.