Today, the American Action Forum released a letter signed by 200 economists and experts - including two former Congressional Budget Office Directors - highlighting the job-destroying, budget-busting impact of ObamaCare and urging Congress to repeal the law and replace it with better solutions.
In the letter, the economists and experts warn that the onslaught of costly new mandates, penalties and taxes levied by the health care law create “major barriers to stronger job growth.” The letter also underscores the devastating impact ObamaCare will have on the nation’s already-precarious fiscal health, adding more than $500 billion to the deficit during the first ten years, and nearly $1.5 trillion in the following decade. As American Action Forum President and former CBO Director Douglas Holtz-Eakin plainly states: “Any way you look at it, the health care law is bad for the economy and bad for the budget.”
Following is the text of the letter:
Tomorrow, the House will vote on legislation to repeal the job-destroying health care law, giving Congress a “clean sheet of paper” to develop real health care solutions that will lower costs and protect American jobs, as recommended by these economists and experts. The new majority in Congress will continue standing with the American people and working to fulfill its Pledge to America to stop the government takeover of health care and replace it with better solutions.
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