Earlier today, I spoke on the House floor about the impact Obamacare—and the tidal wave of regulations it brings with it—will have on the service industry. The service industry is a key component of Arkansas’s economy. It creates over 100,000 jobs and its economic impact is estimated to be over $5 million. Unfortunately, it also stands to be devastated by Obamacare as the law’s implementation date rapidly approaches. As this Washington Post article points out, employers are cutting part time hours in order to avoid the fines created by the law’s employer mandate. Even with last week’s vote in the House to delay both the employer and individual mandates, uncertainty remains. The only real solution for Arkansas’s service industry is full repeal of this terrible law.
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Full Text of Remarks
"More than 100,000 Arkansans work in the retail, restaurant, lodging and other service sectors. These service industries have helped keep the American economy afloat in recent years. From restaurants like U.S. Cafe in Dardanelle, where I flipped burgers and fried fish as a teenager, to the convention hotels in Hot Springs, Arkansans rely on the service industry every day as both employees and customers.
"Unfortunately, the Obama administration’s many fails are imperiling the service sector. Nowhere is this more true than with Obamacare. Service-oriented companies often have large and shifting workforces, they operate on extremely thin margins and cannot thrive in uncertainty. And Obamacare brings nothing but uncertainty. The House took an important step last week by voting to delay both the employer and individual mandates in Obamacare. But the only real solution is to repeal this awful law. Otherwise, service-sector employees and businesses will suffer continued setbacks—which means our economy will suffer yet another blow."