From the House Committee on Ways and Means Republicans:
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.
Hat Tip to John Goodman’s Health Care Blog for this. More here.