It might help that reading comprehension deficit just a little bit.
From Steve Benen:
CBO delivers welcome news to Obamacare backers
02/04/14 05:06 PM
By Steve Benen
….Despite what Americans are being told, the CBO did not find that the health care reform law would cost the nation over 2 million jobs. What it actually said is that the law will empower more than 2 million Americans to leave the workforce if they want to, no longer feeling forced to stay at a job in order to have benefits for them and their family.
Why “Obamacare” critics consider this a bad thing remains unclear….
….This is one of those strange days in which most of the political world seems to have gotten an important story backwards. The Affordable Care Act’s critics have spent the day eagerly touting a CBO report that offers a whole lot of good news for the Affordable Care Act’s supporters – and much of the media has played along in a depressing display.
Indeed, the CBO’s findings – which, again, are readily available online for all to see – actually add fresh evidence that discredits talking points pushed by the law’s detractors….
And, true to form, Representative Vicky Hartzler (r) took to Twitter today:
Rep. Vicky Hartzler @RepHartzler
Nonpartisan CBO says #Obamacare will lead to 2.3 million lost jobs. Time for an alternative: [….] 2:48 PM – 4 Feb 2014
And, a few testy replies:
Kanova (D) Mitchell @kanova
@RepHartzler Already proven false by many. CBO never said this. 2:54 PM – 4 Feb 2014
carl klopfenstine @Carl23b4
@RepHartzler When are you crybabys going to do anything but CRY,,?? 3:11 PM – 4 Feb 2014
Footnote 15 on Page 38 [printed] of the Congressional Budget Office (CBO) report (pdf):
[….] 15. By providing subsidies that decline with rising income (and increase with falling income) and by making some people financially better off, the ACA will create an incentive for some people to work less. For CBO’s full analysis of the effects of the ACA on the labor market, see Appendix C. [….]
In Appendix C of the CBO report:
[….] The ACA 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. The ACA also will exert conflicting pressures on the quantity of labor that employers demand, primarily during the next few years.
The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor, so it will appear almost entirely as a reduction in labor force participation and in hours worked relative to what would have occurred otherwise rather than as an increase in unemployment (that is, more workers seeking but not finding jobs) or underemployment (such as part-time workers who would prefer to work more hours per week). [….]
Read it and weep, Teabaggers.