A quarter of small-business owners plan to cut hiring to stay under 50 employees so they can avoid one of Obama-Care’s many onerous mandates. In other words, small businesses will be staying small.
And that will surely create more jobs! 🙂
Oh that’s right, anti-capitalist socialist class warfare liberals will just blame it on Corporate Greed…
The U.S. Chamber of Commerce, which routinely appraises the small-business environment,found in its most recent quarterly survey of 1,300 executives that “the health care law has emerged as the top concern for small businesses.”
Nearly three-fourths (71%) told the Chamber that “the health care law makes it harder to hire.” And “only 30% say they’re prepared for the requirements of the law, including participation in the marketplaces, and one-quarter say they are unaware of what is required.”
Among small businesses that will be impacted by the employer mandate, half say they’ll either cut hours to reduce full-time employees or replace full-time employees with part-timers to avoid the mandate.
Meanwhile, almost a quarter (24%) say they’ll reduce hiring to stay under 50 employees.
Fifty is a key number. Under ObamaCare rules, any business with 50 or more full-time-equivalent workers has to provide them with health insurance coverage.
Noncompliance results in fines of $2,000 per employee, jumping to $3,000 for each employee who receives a health insurance tax credit and buys a plan through the federal insurance exchanges.
Implementation of this employer mandate has been delayed for a year, taking effect in 2015 rather than 2014. The delay is a tacit admission by the White House that the law is severely flawed.
But the employer mandate isn’t ObamaCare’s only glitch. Shortcomings are so plentiful that the new law is worse than the “train wreck” that Democratic Sen. Max Baucus, who helped write the law, said it would be.
In fact, the Patient Protection and Affordable Care Act is a cosmic calamity — authoritarian legislation that will force Americans out of their doctor-patient relationships, increase costs, reduce choice, burden businesses and further darken a bleak job outlook.
Nothing about the law promotes protection or produces affordability. Like all left-wing solutions, it’s worse than the problems supporters claim it will solve.
But damn, they feel proud of themselves and are preening and peacocking about great they are and how nasty you are for doubting their superiority.
ObamaCare’s creators and defenders should be ashamed of what they’ve inflicted on the country. But they’re not. In fact, the White House is getting “back on offense in the debate,” according to the Hill.
But that requires humility. The Left has none.
That means Republican efforts to eliminate it should be redoubled. (IBD)
But I bet they are too chicken to do it.
The Summer of Recovery 5.0
“A human group transforms itself into a crowd when it suddenly responds to a suggestion rather than to reasoning, to an image rather than an idea, to an affirmation rather than to proof, to the repetition of a phrase rather than to arguments, to prestige rather than to competence.” (Jean-Francois Revel)
“The first thing a man will do for his ideals is lie.” (J.A. Schumpeter)
And an official White House e-mail by top adviser Dan Pfeiffer talks about how “this one is worth checking out” because “this moment is so important” and you won’t “be disappointed.”
Perhaps the folks at the White House are spending too much time hanging around with their Hollywood pals.
Obama’s speech will, no doubt, take its cues from one of those “tent pole” summer movies — an overwrought sequel with the same tired plot and big name stars.
As before, Obama will try to tell a gripping story about how the suffering middle class need more government money for roads, more money for education, more money for health care, more taxes on the rich, and how they’d have it all if it weren’t for those dastardly Republicans standing in the way.
But does anyone really think Obama’s got a hit on his hands? Well anyone, that is, beside the sycophantic mainstream press? (The New York Times actually ran this headline about the speech: “Obama Plans to Unveil His Agenda for Economy”—as though he’d been keeping it hidden for the past four years.)
According to Pfeiffer’s email, Obama also will trot out another tried trope about how Washington — read the GOP — “has taken its eye off the ball on the most important issue facing the country.”
It was Obama who decided to abandon his promised focus on jobs immediately after winning re-election and instead spent months pushing gun control.
It was Obama who then decided that immigration was the nation’s No. 1 priority, endlessly touting reform and even dispatching a top adviser to Capitol Hill to help craft the Senate’s “Gang of Eight” bill.
And it was Obama who decided to give a major speech on climate control, saying that it, too, was a can’t-wait priority.
It was only after these all flopped that Obama decided he’d roll his economic picture again.
Keep in mind that the entire time Obama was off on these tangents, the public hadn’t lost its focus.
Polls consistently showed that the economy ranked as a top concern, while gun control, global warming and immigration were at or near the bottom.
That’s not surprising, since economic growth continues to be anemic, and the country is still millions of jobs shy of where it would be in a normal recovery.
As we noted in this space earlier this month, all the new jobs added in June were part-time, driven largely by companies trying to avoid the ObamaCare train wreck.
No wonder the White House is feverishly promoting Obama’s retread speech as though it were some sort of 3D blockbuster. (IBD)
Coming to Town near you…Again!
With Laser Like focus…for 5 minutes, then it’s back to creating and screaming about another Crisis.
“Half the harm that is done in this world is due to people who want to feel important. They don’t mean to do harm — but the harm does not interest them. Or they do not see it, or they justify it because they are absorbed in the endless struggle to think well of themselves.” (T.S. Eliot)
“A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.” (Milton Friedman)