On the recordApril 27, 2010
Mr. Speaker, the government takeover of health care just celebrated its 1-month birthday, and we are already seeing the disastrous effect it will have on our Nation's economy. Since the beginning of this debate, U.S. employers have warned that this bill would destroy American jobs and harm our fragile economy. Over the past few weeks, we've seen the real-life impact these job- killing tax hikes and health care costs are having on American employers. From AT&T to Caterpillar to Lockheed Martin, we have seen billions of dollars in losses to American companies which will result in further job losses, higher prices, and less choice for the American consumer. And to add insult to injury, actuaries at CMS working under Secretary Sebelius now confirm what most Americans already knew: health care costs will skyrocket as a result of this bill. The long-term effects of this bill are still not fully fleshed out, will be devastating to this country's economy, and are not worth the time and effort that we have put into it. Let's move forward to repeal this law. ____________________





