On Thursday The Supreme Court will issue its decision on whether ObamaCare is constitutional. Should the Court uphold the law in its entirety, businesses and job creation will suffer. The following article appeared in Newsmax.com on Saturday: Obamacare Overturn Will Boost Jobs — But Not Immediately.
“Andrew Puzder is the CEO of CKE Restaurants, a company that employs about 21,000 people in Carl’s Jr. and Hardee’s restaurants. In an Op-Ed for Bloomberg he noted his company’s healthcare consultant estimated that when the law is fully implemented it will cost his company an additional $18 million a year and that could translate into job losses.
“A Supreme Court decision declaring Obamacare unconstitutional would unquestionably be a positive for job creation and economic growth,” he told Newsmax. “Declaring the mandate unconstitutional would render most of the law unworkable and also be a positive. However while either decision would meaningfully reduce the uncertainty currently facing American businesses, it would not eliminate such uncertainty.
“Among other things, uncertainty would remain with respect to whether taxes will materially increase this January, whether the EPA’s war on carbon fuel will continue to drive energy prices up and whether the NLRB will continue to be an advocate for unions threatening to increase labor costs and decrease productivity.
“Job creation will not meaningfully increase until the government gets out of the way of American businesses,” Puzder said. “However, a Supreme Court decision voiding Obamacare would be a big step in the right direction.”
Read more on Newsmax.com: Obamacare Overturn Will Boost Jobs — But Not Immediately