healthmyths
Platinum Member
- Sep 19, 2011
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Lawmakers today issued a new warning that an aggressive antismog plan being pushed by the EPAepa could cost the nation $1 trillion,
kill another 7.3 million jobs, or 4.3 percent of the workforce in 2020.
New Fears EPA Smog Rule Will Cost 7.3 Million Jobs - US News and World Report
So assuming each job has annual salary of $40,000.
The employee pays 4.2% for Social Security 1.45% for Medicare and employer pays 6.2% SS and 1.45 Medicare or total of 13.3%
That's $5,320 per year.
7,300,000 jobs lost due to EPA costs the FEDERAL REVENUE $38.9 Billion ! $39 billion a year in LOST FEDERAL REVENUE PLUS those payments were going back out to retirees!
But it gets worse...If every one of those 7.3 million have 99 weeks of unemployment checks at $300/week a total of $216.8 BILLION PAID OUT!!
Folks that is just from the EPA costing 7.3 million jobs a total of over $250 BILLION loss of revenue and outgo of money per year for YEARS!!!!
kill another 7.3 million jobs, or 4.3 percent of the workforce in 2020.
New Fears EPA Smog Rule Will Cost 7.3 Million Jobs - US News and World Report
So assuming each job has annual salary of $40,000.
The employee pays 4.2% for Social Security 1.45% for Medicare and employer pays 6.2% SS and 1.45 Medicare or total of 13.3%
That's $5,320 per year.
7,300,000 jobs lost due to EPA costs the FEDERAL REVENUE $38.9 Billion ! $39 billion a year in LOST FEDERAL REVENUE PLUS those payments were going back out to retirees!
But it gets worse...If every one of those 7.3 million have 99 weeks of unemployment checks at $300/week a total of $216.8 BILLION PAID OUT!!
Folks that is just from the EPA costing 7.3 million jobs a total of over $250 BILLION loss of revenue and outgo of money per year for YEARS!!!!