Hatch: CBO Report ‘Terrible News’ for Americans

Sen. Orrin Hatch responds to a new Congressional Budget Office report showing that Obamacare will cost the nation 2.5 million workers over the next decade and contribute to a $1 trillion increase in projected deficits.

Reports CBS News:

Republicans, already intent on making the controversial health care law a 2014 campaign issue, seized on the new data from the Congressional Budget Office (CBO) to argue the law is hurting the economy. The White House, however, defended the law, charging the GOP with spinning the facts.

“The middle class is getting squeezed in this economy, and this CBO report confirms that ObamaCare is making it worse,” House Speaker John Boehner, R-Ohio, said in a statement.

Sen. Orrin Hatch, R-Utah, the top Republican on the Senate Finance Committee, called the CBO report “terrible news.”

“Obamacare, the President’s signature domestic policy achievement, will lead to more than 2 million fewer jobs and hurt much-needed economic growth,” he said. “A direct threat to the long-term health and prosperity of our nation, this law must be repealed.”