Ryan: ObamaCare a ‘poverty trap’
Liberal policies always keep people dependent on government.
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House Republicans argued Wednesday that a new Congressional Budget Office report shows the healthcare law is making the poverty trap worse, while Democrats countered that the GOP is completely misreading the CBO’s findings.
The two parties sparred at a House Budget Committee hearing the day after the CBO found that over the next decade, ObamaCare will lower full-time employment by the equivalent of 2.5 million workers.
The CBO report said more workers will choose to reduce their hours or leave their jobs because they have health insurance, and that this reduction in the labor supply will lower economic growth, shrink the tax base and raise the deficit.
Republicans seeking to make healthcare the centerpiece of their 2014 midterm strategy seized on the findings.
Budget Committee Chairman Paul Ryan said the report meant that “Washington is making the poverty trap that much worse.”