Repeal of Obamacare Act

Floor Speech

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Mr. YOUNG of Indiana. Mr. Speaker, my friends on the other side of the aisle keep saying we should focus on jobs. So let's look at how ObamaCare has impacted jobs and the economy.

A few numbers: 48 percent of business owners say the potential cost of health care coverage under ObamaCare is the reason why they're not hiring additional workers; 74 percent of small businesses said the law will make it harder to hire new employees.

States like my home State of Indiana would be hit particularly hard. Among the 21 new taxes found in ObamaCare, there is a 2.3 percent excise tax on the profits from medical device companies. Now, Indiana--and southern Indiana in particular--is home to dozens of these businesses. It employs over 20,000 Hoosier jobs in its medical device sector.

Now, because of the negative effect on our economy, we must start over and get health care reform done the right way--in the light of day, with bipartisan support, and with due deliberation. I hope we can do

that. That's why I'm proud to cosponsor this first step, the Repeal Obamacare Act. I urge all of my colleagues on both sides of the aisle to support it too.

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