Tuesday, February 4, 2014

CBO: Actually, ObamaCare is kinda’ like a tax, and it’s going to result in 2 million fewer workers by 2017 « Hot Air

CBO: Actually, ObamaCare is kinda’ like a tax, and it’s going to result in 2 million fewer workers by 2017 « Hot Air: "The “Affordable” Care Act creates all kinds of adverse incentives for both employers to drop the number of hours they offer and for employees to reduce the numbers of hours they work, and the Congressional Budget Office has reexamined their erstwhile conclusions about the president’s crowning legislative achievement with an update to their original estimate of just how much of an impact those disincentives are going to have on our economy.

Now, this may come as a shock, but… it turns out that ObamaCare could actually end up eliminating the equivalent of almost three times as many jobs as the CBO first expected. You know, unexpectedly. Whoever could’ve called that one?"



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