Fewer jobs, higher taxes, what’s not to like?
Many businesses plan to bring on more part-time workers next year, trim the hours of full-time employees or curtail hiring because of the new health care law, human resource firms say.
Their actions could further dampen job growth, which already is threatened by possible federal budget cutbacks resulting from the tax increases and spending cuts known as the fiscal cliff.
“It will have a negative impact on job creation” in 2013, says Mark Zandi, chief economist of Moody’s Analytics.
Safest Prediction Ever: Democrat senators and Obama will express shock, blame the businesses, explain why this means we need even higher taxes and more government.