California could lose more than 26,000 jobs as a result of a tax provision in the federal healthcare law, a small-business advocacy group said.
A STUDY by the National Federation of Independent Business Research Foundation found that employment in the Golden State may see a loss of from 14,322 to 26,296 jobs by 2022 because of the Health Insurance Tax provision.
The NFIB is one of the biggest opponents of the federal healthcare law and joined in the Supreme Court lawsuit challenging its constitutionality.
“Businesses in California are struggling under unprecedented costs from taxes and regulations. We need to do all that we can to increase jobs, not reduce them,” said John Kabateck, the NFIB’s California director in a statement.
“This destructive tax simply must go, if we are ever to return to the thriving culture of growth and entrepreneurship that Californians once knew.”