Earlier this week, the Congressional Budget Office (CBO) released a report which shows that Obamacare may cost the economy the equivalent of 2.5 million jobs by 2024. That is a lot of lost income and economic growth for the nation. Today, ATR released analysis of the CBO report and Bureau of Labor Statistics data that breaks down the impact by state.
North Carolina, home to one of top 2014 battleground senate races, may lose 74,469 jobs over the next decade thanks to Obamacare. It will certainly be interesting to see Senator Kay Hagan explain how she stands by her vote for Obamacare, even though it will result in the destruction of tens of thousands of jobs across the Tar Heel State.
It will also make for quite the contrast with her likely Republican opponent, North Carolina Speaker Thom Tillis. Hagan’s top legislative achievement in Congress, her vote for Obamacare, includes 20 new or higher taxes and destroy jobs in-state. Standing in stark contrast, Tillis’s top accomplishment in the legislature, the tax reform plan that went into effect last month, is providing tax relief to North Carolinians of all incomes and is widely popular.
Votes matter, and Kay Hagan’s vote for Obamacare is likely to be the central issue of the 2014 North Carolina Senate race. For the full breakdown of Obamacare job losses by state, click here.