CBO report: Obamacare after effect may cause job loss
Newscast Media WASHINGTON—A report released by the non-partisan Congressional
Budget Office reveals the projected impact Obamacare will have on jobs. The report
shows that the Affordable Care Act includes a range of provisions that will take full
effect over the next several years and that will influence the supply of and demand
for labor through various channels.
For example, some provisions will raise effective tax rates on earnings from labor and
thus will reduce the amount of labor that some workers choose to supply. In
particular, the health insurance subsidies that the act provides to some people will be
phased out as their income rises—creating an implicit tax on additional earnings—
whereas for other people, the act imposes higher taxes on labor income directly.
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