Republicans: 'Obamacare' Impedes Job Growth

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Republicans promised voters they would try to repeal the new health law they have dubbed 'Obamacare' and Friday the new House leaders made their first official move in that direction.

Republicans came up with a new way to brand President Barack Obama's health care law.

"We move on to the 'Repealing the Job-Killing Health Care Law Act,'" said Rep. David Dreier, R-Calif.

Members of the GOP say that's exactly what the new law has done.

"We believe that a significant impediment to job growth in this country has been the existence of the Obamacare law," said Rep. Eric Cantor, R-Va.

On Friday, House Republicans took the necessary steps that will lead to a vote for the repeal of the health care law next Wednesday.

Democrats and the media have said such a move would lead to more deficit spending. Their statement is based on the Congressional Budget Office's report which stated getting rid of Obamacare would add $230 million to the deficit.

"I do not believe that repealing the job-killing health care law will increase the deficit," said House Speaker John Boehner, R-Ohio. "The CBO is entitled to their opinion."

Boehner pointed out the CBO can only work with the data it has been given, and the Democrats gave the reporting agency bad data.

"The actuaries at the centers for Medicare and Medicaid have made it clear that this bill will not save the kind of money that was predicted early," Boehner explained.

House Republicans have the votes to overturn Obamacare next Wednesday. However, Democrats, still in charge of the Senate, said that's where the effort will end.

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