Sunday, November 8, 2009

The Pelosi Health Care Plan: Employer Mandate Penalties on Small Businesses

Heritage "This legislation would create an employer penalty system that would apply to small firms--even those with 25 or fewer workers. Businesses expanding total annual payroll to $500,000 would face a $10,000 marginal penalty; this penalty rises to $19,200 for small firms expanding total wages to $750,000. This additional cost would create a strong disincentive for small firms to increase compensation or hire additional employees." More change.

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