Federal meddling in American life costs more than money -- according to the American Action Forum, Obamacare has cost some Americans their entire livelihoods.
Across the country, small businesses (20-99 workers) lost 295,030 jobs, 10,130 business establishments, and $4.7 billion in total wage earnings as the result of the Affordable Care Act. The burdensome regulations and costs associated with the law were too heavy for many businesses to handle. Some had to cut employees or weren’t able to hire new ones; others had to close up shop altogether.
Aside from wage losses and job cuts, Obamacare has cost the economy $51 billion and added 172 million hours of paperwork through regulations, the American Action Forum said.
“To put that in perspective, it would take more than 86,200 employees working full-time (2,000 hours annually) to complete a year of new ACA paperwork, roughly the population of Miami Beach, Fla.,” the report said.
While the healthcare system might need reform, the federal government isn’t the entity to do it. The bureaucratic structure in D.C. is too large, unwieldy, and impersonal to decide the fates of individual businesses across all fifty states.
Obamacare wasn’t the first ill-advised federal project, and it won’t be the last. That’s why the people and the states must call the first-ever Article V Convention of States. A Convention of States can propose constitutional amendments that limit the power and jurisdiction of the federal government. These amendments can restrict the feds to operating in certain areas and leave the rest of the nation’s issues to the states and the people.
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