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Fed's Own Report Says Businesses Complaining 'Obamacare' Is a Drag On Sales & Hiring

Business

"Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff."

Business owners claim they're experiencing poor sales, holding back hiring, and planning layoffs because of “Obamacare,” according to the Federal Reserve’s latest Beige Book, an overview of the business conditions in each of its 12 districts.

And the March 6 report doesn’t merely imply this. It doesn’t say it in passing. It specifically states that businesses are blaming The Patient Protection and Affordable Care Act for poor sales and slow hiring.

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