|By Susan Ferrechio; Susan Ferrechio, Chief Congressional Correspondent|
The CBO reported today that the new health care law will cause a drop in full-time equivalent workers by about 2 million people in 2017, falling even further to 2.5 million in 2024.
"For years, Republicans have said that the president's health care law creates uncertainty for small businesses, hurts take-home pay, and makes it harder to invest in new workers," Boehner said in a statement. "The middle class is getting squeezed in this economy, and this CBO report confirms that Obamacare is making it worse."
According to CBO Director
Full-time employment numbers will also drop as a result of the health care law's taxes, Elmendorf said.
Employers will be less inclined to hire full time workers for whom they must either provide health insurance or pay a penalty.
Carney added, "At the beginning of this year, we noted that as part of this new day in health care, Americans would no longer be trapped in a job just to provide coverage for their families, and would have the opportunity to pursue their dreams. This CBO report bears that out, and the Republican plan to repeal the ACA would strip those hard-working Americans of that opportunity."
|Copyright:||(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.|
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