Health Care Tax Could Cost 4.7 Million Jobs
This is from the Republican staff of the Ways and Means Committee:
The Washington Post recently reported that an "employer mandate," proposed by many Democrats as a way to pay for health reform, could "raise $300 billion over a 10-year period." This massive new tax would devastate the economy and put millions of Americans out of work.
Using the same methodology developed by Dr. Christina Romer, Chair of the Council on Economic Advisors, and Jared Bernstein, Chief Economist and Economic Policy Adviser to Vice President Joseph Biden, that sort of a tax increase would result in 4.7 million Americans losing their job.
It gives a whole new meaning to the phrase “hoisted on ones own petard.”