Here’s Why the GOP’s Balanced Budget Repeals ObamaCare (Hint: It’s Bad for Jobs, Bad for Young Americans)
The balanced budget outlined by Republicans is focused on improving the lives of the American people. As Speaker John Boehner said this morning, “for American families, a balanced budget means more jobs, it means more opportunities, it means affordable energy, and it also means a more secure retirement.”
And “for Americans trying to keep up with the cost of health care,” said Chairman Paul Ryan (R-WI) in the Weekly Republican Address, “our plan repeals the president’s health-care law and clears the way for patient-centered reforms.”
Here are just a few reasons why Republicans’ balanced budget repeals and defunds ObamaCare. The president’s health care law is…
- …raising premiums on young Americans and middle class families: A study by the Energy & Commerce Committee found that “Americans across the country will still pay a higher premium in 2014 as a result of Obamacare.” It notes that “Americans earning as little as $25,000 will still pay more,” and, “In the case of young adults, the premium spike will be even more painful.”
- …making it harder for small businesses and manufacturers to hire: A recent Federal Reserve report says the health care law slows hiring and increases costs. It notes that employers have cited it as a reason “for planned layoffs and reluctance to hire more staff.” One medical device manufacturer in Michigan already announced it will need to lay off roughly 1,000 workers.
- …forcing seniors out of plans they have and like: Despite President Obama’s promise that if you like your plan you can keep it, his law threatens to strip away the benefits (or the entire plans) used by millions of low-income and minority seniors enrolled in Medicare Advantage.
- …threatening mobile app developers and smartphone users: The Food and Drug Administration (FDA) is considering using ObamaCare to tax Americans’ smartphones and tablets, and to regulate mobile medical device apps.
- …adding to our spending problem and increasing the burden on taxpayers: The latest Congressional Budget Office (CBO) figures show ObamaCare will increase spending by $1.88 trillion, double the estimate from 2010. And the Joint Committee on Taxation says taxpayers will be on the hook for another $1.1 trillion over the next decade, which is why our budget repeals all of the ObamaCare tax hikes.
Republicans’ balanced budget will “help American families enjoy real prosperity and a much more secure retirement,” says Speaker Boehner. One of the many ways it does so is by scrapping ObamaCare – a good move for young and old, families, workers, and the entrepreneurs we need to create new jobs and opportunities for all Americans.
Read more about it here:
- GOP’s Balanced Budget Unlocks American Energy, “Moves Our Country Toward the Goal of North American Energy Independence”
- Weekly GOP Address: Balancing the Budget For the Sake of Families & Jobs
- CHART: How is Washington Tackling Our Long-Term Debt Crisis?
- Path to a Balanced Budget, Stronger Economy Begins Now