by Kelly Diamond, Global Wealth Protection:
The detrimental effects of Obamacare on the U.S. economy are myriad. The Congressional Budget Office was initially conservative on their estimations of long term effects of the bill, mainly because they were given strict parameters by which to make their predictions. But with the liberty to make new estimations based on three large factors, the devil can be exposed for what he is in the details:
“(1) Obamacare’s employer mandate, which will discourage hiring and reduce wages offered by employers; (2) Obamacare’s $1 trillion in tax increases, which will discourage work and depress economic growth; and (3) the law’s $2 trillion in subsidies for low-income individuals, which will discourage many from remaining in the labor force.” (Source: Forbes.com)
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