[caption id=”attachment_103411″ align=”aligncenter” width=”605″](Associated Press)
[/caption]
WASHINGTON EXAMINER — Repealing Obamacare would boost economic growth by an average of 0.7 percent after several years, according to an analysis by the Congressional Budget Office released on Friday.
“CBO has determined what many in Congress have known all along,” Republican Senate Budget Committee Chairman Mike Enzi of Wyoming said in a statement. “This law acts as an anchor on our economy by dragging down employment and reducing labor force participation.
Repeal would make the economy grow faster in the budget office’s projections mostly because of the removal provisions of the law that reduce the supply of labor.
CBO estimated that repeal would not boost growth immediately. Then economic output would be boosted by 0.1 percent in 2017, rising to about 0.6 percent in 2020.
Read more at the Washington Examiner.
