Reduction in the labor supply will lower economic growth, shrink the tax base and raise the deficit.
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House Republicans argued Wednesday that a new Congressional Budget Office report shows the healthcare law is making the “poverty trap” worse, while Democrats countered that the GOP is completely misreading the CBO’s findings.

The two parties sparred at a House Budget Committee hearing the day after the CBO found that over the next decade, ObamaCare will lower full-time employment by the equivalent of 2.5 million workers.

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