Sunday, January 9, 2011

Private Payroll Employment picture

Quite the picture...

Speaking of job growth, in Repealing the Affordable Care Act will Hurt the EconomyStephanie Cutter, Assistant to the President for Special Projects, says that repealing health care would be "Preventing 250,000 to 400,000 jobs from being created annually over the next decade." Part of the reason why:
"The law reduces small businesses’ health care expenses by giving them $40 billion worth of tax credits,and through the creation of new, competitive state-based insurance Exchanges. Exchanges will enable individuals and small businesses to pool together and use their market strength to buy coverage at a lower cost, the same way large employers do today, giving them the freedom to launch their own companies without worrying whether health care will be available when they need it."

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