Clyburn: If it ‘stood by itself,’ Obamacare tax increase could hurt economy [VIDEO]

Nicholas Ballasy Senior Video Reporter
Font Size:

Assistant Democratic Leader Rep. James Clyburn of South Carolina told The Daily Caller that the tax increases in the health care law, specifically the new 3.8 percent surtax on investment income, might hurt job growth but only if they were not part of the overall legislation.

Clyburn appeared with House Minority Leader Nancy Pelosi and Minority Whip Steny Hoyer on Wednesday at the Capitol before an audience compromised of Planned Parenthood workers, college students, small business owners, parents and their children. The Democratic leaders denounced the GOP’s effort to repeal the health care law.

TheDC asked Clyburn if the surtax on investment income affecting individuals making over $200,000 and couples earning over $250,000 annually enacted to pay for the health care law would hurt the economy.

“Well, the law taken together — if that were isolated, pulled out of the law and stood by itself, maybe so but that is a part of an overall law which will have a very positive impact on the economy,” Clyburn told TheDC.

Follow Nicholas on Twitter