On the recordMarch 28, 2012
It certainly is. As the Senator from Wyoming mentioned, the huge majority of businesses around this country--and especially small businesses such as those he and I represent in Wyoming and South Dakota--are enormously concerned about what this is going to do to their ability to create jobs, to maintain coverage for their employees. There are so many huge impacts from this, much of which, frankly, we predicted. But again, the idea or the notion that somehow imposing over $\1/2\ trillion in new taxes on businesses in this country, on health insurance plans, was somehow going to lead to lower costs for people to get coverage in this country is beyond me. I am at a loss to explain how anybody could make the argument this was going to create jobs. Former Speaker Pelosi predicted 4 million new jobs. The Congressional Budget Office had said it would cost us 800,000 jobs. I suspect that is a conservative estimate, based on what I hear from employers in my State and elsewhere around the country. But I do wish to point out too that in so many ways, because of the new mandates, because of the new taxes, because of the new costs, this is just going to make everybody's lives more complicated and more difficult, including our States. We represent States where our Governors, our legislators work hard to balance our budgets and to live within their means, not to spend money they don't have.…





