Skip to comments.Report: One Obamacare Tax Could Cost Up To 286,000 Jobs
Posted on 05/06/2014 7:40:22 PM PDT by 2ndDivisionVet
Just one of Obamacares many taxes could cost the U.S. hundreds of thousands of jobs over the next decade, according to an industry report published Tuesday.
The National Federation of Independent Business projects that between 152,000 and 286,000 jobs will be lost by 2023 due to Obamacares health insurance tax. NFIB, a nonprofit association of business owners, actively supports the repeal of the tax.
The health insurance tax has proved to be one of Obamacares more controversial fundraising measures. The tax targets insurance companies, charging each one proportional to their market share the more health plans sold (Obamacares goal, the more insurers are required to pay.
The report found that the tax will cause a spike in the cost of employer-sponsored health coverage, which will lead primarily small businesses to cut jobs. NFIB estimates that 57 percent of the job losses will come from small businesses firms with under 500 employees, according to the federal Small Business Administration.
The cut in employment would results in a reduction of U.S. real output, or sales, of between $20 billion and $33 billion through 2023....
The damn elites just won’t leave us in peace. They ruin and destroy everything they touch. We want our freedom back.
And I’m sure Obama could give a crap.
I have VA coverage. My wife is on Medicare. So, directly obamacare does not affect us. And that’s what lots of older people believe. What they don’t see is the inflation this monster job destroyer is already causing.