Friends of the U.S. Chamber of Commerce

New CBO Report Shows Why We Need to Start Over

We were told the health care bill would help American jobs – which seemed hard to believe considering payment for it rested on the back of employers.

So now, when they tell us it will actually cost thousands – it’s hard to be too surprised.

This week the Wall Street Journal reported that the non-partisan Congressional Budget Office projects that new entitlements generated by the health care bill will cause our current labor force to shrink by half a percentage point by the end of the decade.

In other words:  this bill will cost America about 800,000 jobs.

With the engines of economic growth finally beginning to restart, can we really afford a law that will chase away that many jobs?

While full repeal is politically unlikely right now, Congress is still working on repealing the most onerous provisions. Click here to email your members of Congress and urge them to take the first step in fixing this bill by repealing the 1099 paperwork mandate that will undoubtedly hurt American businesses.

We warned this bill would cost us jobs.  We also warned of its new taxes, regulations, fees and mandates, so we are not surprised– but we remain committed.

In fact, just this week we took a stand behind H.R. 5, which will aid the reform of medical liability laws, and decrease the frivolous lawsuits causing health care prices to skyrocket.  H.R. 5 received committee approval on Wednesday, and will soon move to a full House vote for passage. To learn more about this bill, click here.

We will continue such efforts to fight for the necessary changes that will truly lower costs, increase coverage and help economic recovery, but we need your continued grassroots support to make that happen.

With your help we can get this done.