Equivalent of 50,855 Jobs Could Be Lost
A recent report from the Congressional Budget Office (CBO) detailed that ObamaCare will cost the economy the equivalent of 2.5 million jobs by 2024. A new state-by-state analysis by the Americans for Tax Reform (ATR) shows that ObamaCare will have harmful effects on employment and the workforce in Minnesota.
In 2009, when trying to justify ObamaCare, Senator Al Franken gushed, “I’m proud of what we’re doing, I’m really proud.”
It is difficult to reconcile Franken’s words in light of the news from the Congressional Budget Office that makes clear that fewer people will be employed and fewer hours worked because of the unpopular law. According to the new ATR analysis, it is estimated that ObamaCare will reduce employment and cost Minnesota the equivalent of over 50,000 jobs.
An editorial in the Wall Street Journal made clear how this news is politically harmful to Senators who championed the law like Al Franken: “All of this is one more contradiction of the arguments that were used to sell ObamaCare. The law would reduce health-care costs and shrink the deficit, you could keep your health plan and your doctor, and businesses could hire more workers and be more competitive. All of this is turning out to be false, and now we learn that the law is a job destroyer that is removing rungs from the ladder of upward economic mobility.”
BACKGROUND: Franken On Health Care: “I’m Proud Of What We’re Doing, I’m Really Proud.” (Senator Al Franken, “Sen. Franken Delivers Final Speech on Health Care Reform,” Press Release, 12/23/09)
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Prepared and Paid for by the Republican Party of Minnesota
Keith Downey, Chair
Not Authorized By Any Candidate or Candidate’s Committee