Thursday, November 8, 2012

Mourning in America - Here's Those Layoffs We Voted For Last Night

FreedomWorks  "Last night's victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America.

"It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.
"Who will pay? The middle-class workforce, of course.
"So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let's examine the very real jobs that will be lost, and the very real lives that will be affected."....
"Under the health care law, if a company has more than 50 “full time equivalent” workers, a combination of full and part-time employees, but doesn’t offer “affordable” coverage that meets the government’s minimum value standard, the company will have to pay a penalty. This penalty is determined by the number of full-time employees minus 30 full-time employees. So to reiterate a very important point: part-time workers are not part of the penalty formula. The health care law creates a perverse incentive to hire part-time versus full-time workers."

"Tangible examples of Obamacare causing a reduction in full-time workers:" Read on...

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