Mark Thiessen says American workers are getting a $70 billion pay cut due to ObamaCare.No, it doesn't. It means fewer workers—those people who choose to leave the workforce—will be getting paid. Or, as the CBO actually said: "Because the largest declines in labor supply will probably occur among lower-wage workers, the reduction in aggregate compensation (wages, salaries, and fringe benefits) and the impact on the overall economy will be proportionally smaller than the reduction in hours worked."
“I dug through the CBO report and on page 118, appendix C, there’s this nugget, this little bombshell,” Thiessen said.
The report reads: “CBO estimates that the ACA will cause a reduction of roughly 1 percent in aggregate labor compensation over the 2017-2024 period, compared with what it would have been otherwise.”
That means that Americans will face a 1 percent pay cut due to the law.
As if the facts mattered to Fox News, or to Republicans. But it's always good to see the script Fox is creating for Republicans ahead of time.