Tag Archives: Impact on Jobs

Fed: ObamaCare Kills Jobs

The House Ways & Means Committee recently shared data from the Federal Reserve’s Beige Book detailing that employers cite ObamaCare as a major job killing force.  From the Book, “Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.”

Also from the Report:

Cleveland – “…[M]any were uneasy about fiscal issues and implications of the Affordable Care Act on their businesses.” (Manufacturing Sector” and “Many of our contacts are concerned about the implementation of the Affordable Care Act and the effect it will have on their total labor cost.” (Retail Sector)

Richmond – “Many contacts also commented on reluctance to expand due to uncertainty surrounding the Affordable Care Act; some employers cut hours or employees.”

Dallas –  “Staffing services firms noted flat demand overall since the last report but saw an unexpected decline in direct hires. One contact saw a few signed contracts designed to circumvent the Affordable Care Act (ACA) by utilizing a temporary employee full time, then hiring that person on a permanent but part-time basis once the ACA goes into effect.” (Nonfinancial Services Sector)

 Chicago – “A number of contacts voiced concern about the uncertainty surrounding future employer and employee healthcare costs. In addition, several reported changing their health insurance enrollment periods this year in order to match the deadlines of the Affordable Care Act.”

Philadelphia – “Overall, most bankers remained optimistic, although they expressed uncertainty on behalf of their business customers and for themselves over the implications of both the Affordable Care Act and a prolonged government shutdown.” (Financial Services Sector)

WAM’s press statement can be found here and the Beige Book can be found here.

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ObamaCare Hurting Employees, Leading to Fewer Jobs, Fewer Hours

Recent economic data is demonstrating that ObamaCare is leading employers to reduce employees’ hours to exempt the employee from many of the coverage requirements of ObamaCare. The move is the only option for many employers to avoid the disasterous impact of ObamaCare on things such as rising premiums and $2,000 per employee fines under ObamaCare.

Circle K, Regal Entertainment, AAA Parking are among the employers who have announced their intent to shift employees to part-time work schedules.

 

Read more on this subject at the following sites:

  1. Washington Free Beacon, here.
  2. American Enterprise Institute, here.
  3. Townhall.com, here and here.

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Senate Democrats Vote to Repeal ANOTHER Part of ObamaCare

By a vote of 79 to 20, the United States Senate voted to repeal part of ObamaCare as part of the budget process. 33 of the Senate’s 53 Democrats voted with 45 Republicans to repeal ObamaCare’s 2.3% xcise tax on medical devices. The tax has been criticized for hampering innovation and job creation.

This is the second instance in which Democrats have voted to repeal part of ObamaCare’s revenue raisers. Congress previously repealed the onerous small business 1099 tax measures. So, for the second time in recent years, Congress has voted against two different ObamaCare revenue measures because they proved unworkable and damaging to job creation. Repeal of these measures undermines the political claims that ObamaCare was “paid for” as the “pay fors” now appear to be nothing more than budget gimmicks that were sure to be repealed later.

Read more here.

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A Pile of ObamaCare Regulations

Senate Republicans have stacked each page of ObamaCare regulations into a single stack of paper. The tower of regulations, which are hurting job creation, increasing costs, increasing the uninsured, imposing new taxes, reaches 7 feet, 3 inches in total height.

Obamacare regulations 3-12-2013

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Federal Reserve: ObamaCare Leading to Layoffs

The Hill is reporting that the Federal Reserve has cited ObamaCare as a significant reason for “layoffs and a slowdown in hiring.”

Read the full article here.

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ObamaCare Blamed for Job Losses

CBS-DC is reporting that a “medical company is blaming President Obama’s health care law for the layoffs of nearly 100 people.”  The company is pointing to ObamaCare’s 2.3% excise tax on medical devices as the cause for the layoffs in Memphis, TN and Andover, MA.  The company stated that, “nearly $30 billion tax on medical devices that took effect Jan. 1, 2013, has impacted a number of companies across the U.S.”

Read the full article here.

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Cost of ObamaCare Regs: $1.8 Trillion Per Year

According to The Examiner, a Washington, D.C.-based newspaper, the annual cost of ObamaCare to individuals and businesses will reach $1.8 trillion per year. The paper cites a study by the Competitive Enterprise Institute.

Read more from The Examiner here.

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