The House will take up legislation on Wednesday, the first major bill of the 114th Congress, that would change the definition of a full-time worker under the health law from one who works 30 hours a week to one who works 40 hours. A vote is scheduled for Thursday.
An analysis of the bill, released Tuesday by the nonpartisan Congressional Budget Office and Joint Committee on Taxation, found that it would cause 1 million people to lose their employer-based insurance coverage. The report projected that more than 500,000 of them would end up getting coverage through Medicaid, the Children's Health Care Program or the Obamacare exchanges. The rest, CBO and JCT said, would become uninsured. The legislation would also lower the amount the federal government collects in penalties from businesses who don't abide by the employer mandate. As a result, the report found, the deficit would go up by $74 billion over 10 years.
"At issue in Keystone is not American oil. It is Canadian oil that is drawn out of tar sands in Canada. That oil currently is being shipped out through rail or trucks, and it would save Canadian oil companies and the Canadian oil industry an enormous amount of money if they could simply pipe it all the way through the United States down to the Gulf. Once that oil gets to the Gulf, it is then entering into the world market, and it would be sold all around the world. "So there's no -- I won't say 'no' -- there is very little impact, nominal impact, on U.S. gas prices -- what the average American consumer cares about -- by having this pipeline come through. And sometimes the way this gets sold is, 'Let's get this oil and it's going to come here.' And the implication is, is that's going to lower gas prices here in the United States. It's not. There's a global oil market. It's very good for Canadian oil companies and it's good for the Canadian oil industry, but it's not going to be a huge benefit to U.S. consumers. It's not even going to be a nominal benefit to U.S. consumers. "Now, the construction of the pipeline itself will create probably a couple thousand jobs. Those are temporary jobs until the construction actually happens. There's probably some additional jobs that can be created in the refining process down in the Gulf. Those aren't completely insignificant -- it's just like any other project. But when you consider what we could be doing if we were rebuilding our roads and bridges around the country -- something that Congress could authorize -- we could probably create hundreds of thousands of jobs, or a million jobs. So if that's the argument, there are a lot more direct ways to create well-paying Americans construction jobs."