Jay Timmons, executive vice president of the National Association of Manufacturers, appeared on Fox Business News yesterday to outline the problems/threats in health care legislation, particularly the House version.
Well the House bill certainly is potentially a jobs killer for two reasons: One is what you just mentioned — additional mandates, but most importantly to manufacturers — 70% of whom are small and medium-sized and file as individual taxpayers as S Corporations — the tax burden could be absolutely devastating and cause layoffs and killing jobs.
The clip is here.
P.S. Kudos to Fox Business for posting videos of their interviews. CNBC.com is the gold standard in online videos, but Fox — a new entry into cable business news — has gotten a credible start in useful dissemination of clips. The automated transcripts are rough, very rough, but still a helpful feature. Requested: Embed code.
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