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Finding out what’s in it: A new report from the Congressional Budget Office has found that Obamacare will increase the deficit and slow the economy far more than originally predicted.
The non-partisan agency’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in 2021 by 2.3 million, CBO said. It had previously estimated the decrease would be 800,000.
Aren’t you glad the Democrats shut the government down in October to prevent any delay or changes to their law?