In a speech about Obamacare on the floor of the Senate, Ted Cruz made the argument that the president’s signature legislation, Obamacare, is causing income inequality in America to worsen:
Here’s the relevant part of the transcript:
The essence of irresponsibility is seeing a harm, seeing the facts and refusing to act. What else do we know? We know that Obamacare is killing jobs all across the country. Indeed, Obamacare is the biggest job killer in this nation.
The U.S. Chamber of commerce has said of small businesses impacted by the employer mandate, one half of small businesses say they will either cut hours to reduce full-time employees or replace full-time employees with part-time workers to avoid the mandate.
24% say they reduced hiring to under 50 workers. The President has been talking about income inequality. This exacerbates income inequality, this is why the rich have gotten richer under president Obama but the people who are struggling, young people, Hispanics, single moms, people like my dad who 56 years ago washed dishes for 50 cents an hour as a teenaged immigrant. Those are the people laid off because of Obamacare.
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