[Congressional Record (Bound Edition), Volume 157 (2011), Part 13]
[House]
[Page 18229]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             OBAMACARE JOBS

  (Mr. PITTS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PITTS. Mr. Speaker, let's be perfectly clear: Our tax policy 
affects job growth.
  When the Federal Government raises taxes, raises rates, or creates 
new taxes, businesses make decisions regarding their workforce. When 
the government takes more, businesses have to make due with less.
  All told, last year's health care reform law will raise taxes by $800 
billion over the next 10 years. One of the new taxes is a 2.3 percent 
tax on medical devices.
  Michigan-based manufacturer Stryker recently announced that they will 
reduce their work force by 5 percent so that they will be prepared to 
pay this new tax beginning in 2013. Stryker is just one of the first to 
announce reductions in the layoffs.
  In the next year, medical device companies will be faced with 
difficult decisions about where they will cut in order to pay this 
massive new tax bill. Many will have no choice but to reduce the 
workforce.
  We don't need a health reform law that destroys jobs; we need one 
that encourages the creation of good jobs with good benefits. We must 
repeal the so-called Affordable Care Act.

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