The Impact of Obamacare on Jobs and the Economy
Last year, America was told the new health care law would help the economy and create jobs. Today, even the nonpartisan Congressional Budget Office (CBO) confirms that job losses will be inevitable under Obamacare.
OBAMACARE FACTS AND FIGURES…
- New taxes, penalties, and fees resulting from the new law will decrease the amount of investment in the economy. This reduced investment will in turn lead to a decline in productivity, causing the economy to produce $706 billion less worth of goods and services.
- On February 10, 2011, CBO Director Doug Elmendorf testified before the House Budget Committee that Obamacare will result in an estimated 800,000 fewer U.S. jobs.
THE SOLUTION…
- Stop new tax increases and promote tax cuts that would expand private insurance coverage and grow the economy.
READ THE FULL REPORT NOW…
- Obamacare: Impact on the Economy by Karen Campbell, Ph.D., Guinevere Nell, and Paul Winfree
RESPOND ON OUR BLOG…
- Obamacare is a Job Killer
[go to the above link]
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