If the root cause of the problem is high health care costs, the White House’s solution only makes tings worse.
President Obama’s health reform will impact thousands of small business owners who are creating the jobs and wages for most Americans. These taxes will hurt small businesses by keeping them from expanding and adding new jobs. It will hurt workers by stagnating wage growth or even eliminating jobs.
New research from Heritage’s Center for Data Analysis reveals these new taxes could mean 400,000 employees could lose their job each year. Spending and new taxes will not be the way to bend the health care cost-curve downward. It will only exacerbate the problems businesses already face. Watch: