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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Wednesday, May 26, 2010

ObamaCare Creates Conditions That Could “Devastate” Small Businesses And “Their Ability To Create Jobs”

FACT CHECK: CREATING “THE CONDITIONS FOR SMALL BUSINESSES TO GROW AND THRIVE”6
Health Law Creates Conditions That Could “Devastate” Small Businesses And “Their Ability To Create Jobs”

“In Prepared Remarks The President Says Government Can’t Create Jobs But Can ‘Create The Conditions For Small Businesses To Grow And Thrive And Hire New Workers.’” (“Obama Urges Help For Small Businesses,” The Associated Press, 5/25/10)

“ONE-THIRD” OF EMPLOYERS MIGHT SEE TAX PENALTIES

“About One-Third Of Employers Subject To Major Requirements Of The New Health Care Law May Face Tax Penalties Because They Offer Health Insurance That Could Be Considered Unaffordable To Some Employees, A New Study Says.” (“Study Points To Health Law’s Penalties,” The New York Times, 5/24/10)

“If An Employer With 50 Full-Time Employees Offers Coverage And 10 Of Those Workers Receive Premium Credits, Or Subsidies, The Employer Would Face A Penalty Of $30,000. If 30 Workers Receive Subsidies, The Penalty Would Be $40,000.” (“Study Points To Health Law’s Penalties,” The New York Times, 5/24/10)

HEALTH LAW “COULD NEGATIVELY IMPACT SMALL-BUSINESS HIRING DECISIONS”

“A Study By The National Center For Policy Analysis Shows That Tax Credits In The New Healthcare Law Could Negatively Impact Small-Business Hiring Decisions.” (“Report: Healthcare Law Tax Credits Encourage Small Businesses To Stay Small, Not Hire,” The Hill, 5/23/10)

“The Tax Credit Is Reduced As More Employees Are Added To The Payroll.” (“Report: Healthcare Law Tax Credits Encourage Small Businesses To Stay Small, Not Hire,” The Hill, 5/23/10)

SMALL BUSINESSES MIGHT HAVE TO LAY OFF WORKERS

“A Dire Warning From Bay State Medical-Device Companies That A New Sales Tax In The Federal Health-Care Law Could Force Their Plants - And Thousands Of Jobs - Out Of The Country Has Rattled Gov. Deval Patrick, a staunch backer of the law and pal President Obama.” (“Beware The ‘Jobs Killer’,” Boston Herald, 3/25/10)

“Salon Owners Predict Tanners Will Cut Back On Services. As A Result Salons Fear They Will Be Forced To Lay Off Employees.” (“Tanning Salons Feel Burn By Tanning Tax,” WNDU-NBC [South Bend, IN], 3/26/10)

SMALL BUSINESSES WILL SEE INCREASED TAX PAPERWORK

“An All-But-Overlooked Provision Of The Health Reform Law Is Threatening To Swamp U.S. Businesses With A Flood Of New Tax Paperwork.” (“Health Care Law’s Massive, Hidden Tax Change,” CNNMoney, 5/5/10)

NFIB: HEALTH LAW “WILL DEVASTATE” SMALL BUSINESS

NATIONAL FEDERATION OF INDEPENDENT BUSINESS: “Today the NFIB joined the 20 states in this historic lawsuit challenging the constitutionality of the Patient Protection and Affordable Care Act. The fundamental mission of our organization is to promote and protect the rights of small businesses and the self-employed to own, operate and grow their business, and this healthcare law directly undermines this core value. … Small business owners everywhere are rightfully concerned that the unconstitutional new mandates, countless rules and new taxes in the healthcare law will devastate their business and their ability to create jobs.” (NFIB, Press Release, 5/14/10)

Tags: Fact Check, Obamacare, small business, employees, workers, layoffs To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 8:05 PM - Post Link

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