Thursday, January 29, 2015

Senate Democrats, Every Democrat in the U.S. House and the White House Just Agreed: Obamacare Hurts Hiring. On Armstrong & Getty

In a bipartisan showing of unity, every single member of the U.S. House of Representatives, all 26 members of a U.S. Senate Committee and the White House agree that Obamacare hurts hiring. Not one single member or Administration official was willing to come out and
state that no such dis-incentive exists.

Despite heaping evidence to the contrary, it appears as though not all lessons from economics 101 have eluded the Washington Illuminati. Impressively, these two branches of our government have agreed that veterans should not be subjected to the economic suppression of PPACA.

Why not agree to keep PPACA from harming all Americans, now? The labor force participation rate is the number of employed Americans divided by the total number of Americans over the age of 16 who are looking for work.  At 62.7% it is the lowest it has been since the stagnation of the 1970s. Its time to repeal the employer mandate. 
And if you are not willing to exempt all of us, what about people on Medicaid or food stamps?  Shouldn't we do absolutely all we can to create incentive for employers to hire people off of our means tested benefit programs?  How about a person with a disability? Couldn't they also use the extra incentive? And our youth? Youth unemployment is at an all time high. 
This is the beginning of the end for Obamacare's employer mandate.  Now that every single politician has agreed it harms hiring, the mandate will be dismantled in the near future.    
In a rare show of bipartisanship over President Barack Obama's health care law, a Senate committee voted unanimously Wednesday to exclude veterans from the 50-worker threshold that triggers required coverage for employees under that statute.  
The Senate Finance Committee vote was 26-0, a departure from the usual party-line fights over Obama's showcase 2010 law. ... 
Obama's law is gradually phasing in a requirement that companies with at least 50 workers offer health coverage to their employees. The Senate bill would let employers exclude from that count veterans who receive health care from the Department of Veterans Affairs or the military. ... 
The House approved the legislation earlier this month 412-0 with White House support. 
On Friday, January 30, I was on the Armstrong and Getty Radio Program to discuss this story and some more of the latest on Obamacare: