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Obama’s Chief Economist: Democrat Health Care Tax to Cost 4.7 Million Americans Their Jobs

June 11, 2009
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.
“Health care reform has to happen,” said Ways and Means Ranking Member Dave Camp (R-MI). “But simply spending one to two trillion dollars more on health care and raising massive amounts of new taxes to pay for it is not a pill we should swallow.  There is a right way to reform health care and it doesn’t require Americans to choose between their job and affordable health care.”