Today, Illinois 10th District Republican Congressional candidate Robert Dold continued to highlight the jobs-killing nature of the recently-passed Democratic Health Care Bill, and its increasingly real impact on local businesses and jobs. Glenview-based Illinois Tool Works (ITW) announced yesterday that tax increases stemming from last week’s passage of the healthcare legislation likely will cost the company $22 million in this year’s first quarter alone. Illinois Tool Works – a manufacturer of industrial products and equipment – employs 1500 people locally. This legislation will negatively impact companies like ITW from hiring people now.
“Imposing new taxes on businesses like Illinois Tool Works during a global recession is not the recipe for recovery, and is devastating for local businesses and the families they employ,” said Dold. “The pain felt by Illinois Tool Works underscores the fact that America needs a more-moderate health care bill that actually helps businesses grow, creates jobs, and keeps people employed.”
“The bill passed by the Democrats has been an indiscriminate taking from Illinois businesses, the impact of which will ripple throughout our economy,” Dold said. “My campaign is about getting families and the country back to work, and leaving a future for our children that is better than what was left for us.”
Dold, owner and president of a Northfield-based small business, went on to question whether Dan Seals has the practical experience to fully comprehend the impact of intrusive and heavy-handed government regulation on jobs.
“My opponent hailed the passage of the healthcare bill as an ‘historic day,’ and has expressed his desire to expand the legislation toward a more national health insurance program,” said Dold. “I know what it’s like to sign the front of a paycheck and meet a payroll. And as a result, I understand the impact of government mandates on businesses and the families they employ.”
Other Illinois companies publicly reporting new write-downs in the first week following passage of the healthcare bill:
