Bob Casey’s Healthcare Law Is Killing Jobs In Pennsylvania
When liberal U.S. Senator Bob Casey cast the 60th and deciding vote for President Barack Obama’s healthcare law, it didn’t just cut $550 billion from Medicare but also included a slew of job-killing taxes that are crushing small businesses across the Keystone State.
Pittsburgh based-Alcoa took a $5.3 million charge because of ObamaCare.
Notably, the Congressional Budget Office (CBO) has stated the healthcare law will kill 800,000 jobs nationwide.
- QUESTION: “In your estimation, the health care law would reduce employment by 800,000…”
- DOUGLAS ELMENDORF, CBO Director: “Yes… there would be a reduction of 800,000 workers.” (U.S. House Of Representatives, Budget Committee, Hearing, 2/10/11)
- QUESTION: “The last question is, it’s been argued and was argued here yesterday with the chairman, that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. Is that not the case?”
- DOUGLAS ELMENDORF, CBO Director: “Yes.” (U.S. House Of Representatives, Budget Committee, Hearing, 2/10/11)
“Bob Casey’s decision to provide the deciding vote for Barack Obama’s healthcare bill will destroy 800,000 jobs nationwide and it’s crushing small businesses across the Keystone State,” said National Republican Senatorial Committee (NRSC) spokesman Lance Trover. “With nearly 485,000 unemployed in the state, it’s clear Pennsylvania cannot afford Barack Obama and Bob Casey’s job-killing healthcare law.”
From Pittsburgh To Allentown To Philadelphia, Bob Casey’s Healthcare Law Is Literally Killing Jobs Across Pennsylvania
Pennsylvania-Based Alcoa To Take $80 Million Charge Due To ObamaCare. “Alcoa said it expects to take an $80 million charge to cover costs associated with new health care legislation, according to a filing with the Securities and Exchange Commission.” (“Alcoa Sees $80 Million Charge From ObamaCare,” The Street.com, 4/5/10)
U.S. Steel Expects To Take A $27 Million Charge Because Of ObamaCare. “United States Steel Corp. said Wednesday it expects to record a $27 million charge in the first quarter as a result of tax adjustments in the health care reform law. … US Steel said that based on the Medicare Part D subsidies expected to be received this year, the related annual cash tax increase would be less than $10 million.” (“US Steel To Record $27M Charge For Health Care Law,” The Associated Press, 4/7/10)
Pittsburgh, PA-Based Allegheny Technologies Took A $5.3 Million Charge Because Of ObamaCare. “Allegheny Technologies Incorporated reported net income for the first quarter 2010 of $18.2 million, or $0.18 per share. Results included a non-recurring tax charge of $5.3 million related to the recently-enacted Patient Protection and Affordable Care Act. Excluding this non-recurring tax charge, net income was $23.5 million, or $0.24 per share, on sales of $899.4 million.” (Allegheny Technologies Inc., “Allegheny Technologies Announces First Quarter 2010 Results,” Press Release, 4/28/10)