[Congressional Record Volume 140, Number 61 (Tuesday, May 17, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
[Congressional Record: May 17, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]
EMPLOYER MANDATES MEAN LOST EMPLOYEE JOBS
(Mr. SMITH of Texas asked and was given permission to address the
House for 1 minute and to revise and extend his remarks.)
Mr. SMITH of Texas. Madam Speaker, The American Chamber of Commerce
recently polled its members on the various health care plans.
They asked their members about a Government-run health care plan,
like the one proposed by President Clinton, one that would be paid for
by more taxes on individuals, one that would be paid for with more
taxes on businesses.
What did the Chamber members say? They resoundingly rejected the plan
87 percent to just 8 percent.
The people who know business best, the people who know what taxes
mean to the economy, said ``no'' in a landslide.
The people who know, said ``no,'' for a basic reason: employer
mandates mean lost employee jobs. In fact, over 1 million jobs are
projected to be lost if the Clinton health plan passes.
The free lunch theory that only employers pay employer mandates is
pure fantasy. The truth is everyone pays employer mandates. The
employer pays on the balance sheet, the employee pays at the closed
factory gate, and the consumer pays at the ringing cash register.
With the Clinton health care plan, everyone will pay and pay and pay.
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