Obamacare is part of reason for high unemployment

Employers across the country have “cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.” So says the Federal Reserve in its monthly “beige book”.

New taxes on insurance companies, $8 billion next year rising to $14 billion, will cause higher premiums. Several groups that represent small businesses have called for repeal of this tax.

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