Political Quotes

On the recordMay 14, 2013
I'd like to thank the gentleman from Indiana for allowing me to speak on this issue on behalf of my constituents. I can say very clearly that I support H.R. 45, ObamaCare repeal, and I can tell you why. Under ObamaCare, we're looking at a minimum of about $500 billion in new taxes. We're talking about taxes on pharmaceuticals and taxes on medical devices. We're also talking about taxes on payroll, things that have nothing to do with medicine; taxes on the sale of real estate; taxes on other capital gains. There will be 21 new taxes, and $500 billion is the conservative estimate. Some people say it's going to be $1.1 trillion in new tax revenue. Guess what? It's not enough. There's also going to be $500 billion in new borrowing over the first 10 years of ObamaCare. And it's still not enough. So we're going to rob $716 billion from Medicare at a time when seniors are finding it hard to find providers who are willing to accept Medicare as it is. This is hugely problematic for the people in my district. Let's talk about the employers. Employers are seeking ways to reduce their staffs below 50 people. They're laying people off. No kidding. I talked to an employer just a few weeks ago in my district. He's got 57 employees. He's now trying to get down to 49. He's also trying to figure out ways to make his staff part-time. He's trying to get his staff under 29 hours so he has less than 50 full-time equivalents, as they refer to them now.…
Said by
Jim Bridenstine
Republican · Oklahoma
Source
govinfo.gov
May 14, 2013

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