Looks like Small Business WILL be hurt by ObamaCare.......Imagine that

From ABC NEWS.......

[url]http://www.breitbart.com/Breitbart-TV/2012/07/09/ABC-News-Obama-Tax-Increases-Will-Effect-900000-Small-Businesses[/url]

the link takes you to breitbart, but the story is Diane Sawyer.

Later,

Geo

Yes, Imagine That....

894,000 businesses....if the tax increase pulls cash out of their business and prevents them each from hiring 1 new employee, or causes them to lose 1....that's a fair amount of negative jobs growth.

So instead of saving by cutting pork and needless programs and maybe some foreign aid they just assume they need more money. Of course it's spun to sound like we are in trouble and will have to go to the Chinese again. Don't we go there all the time anyway?? To me it's not a choice of borrow more or embrace obamacare it's a choice of them doing some hard work and figuring out where to save money. Maybe tort reform??
How much have we saved by pulling all those troops out of Iraq? How many billions did he waste on green job investments? What about all that money being given to california for this high speed rail? How much money will they actually raise by going after wealthy America?? I'm so sick of these idiots (both parties!!!!) side stepping the problem. They spend to much!!!!! They do not need more.

would a business with 50 employee's be considered a small business, if so then that business don't have to pay for insurance for their workers, Imagine that, The ACA requires companies with 50 or more workers to provide coverage for their employees, which is good news for small businesses that don’t employ that many. Smaller companies that are now spending thousands of dollars on employee insurance will have more profits to invest in business expansion.

If you have insurance and drop it you have to pay the tax.

[QUOTE=roadrunner;494415]If you have insurance and drop it you have to pay the tax.[/QUOTE]

Actually, it is a double whammy........The company has to pay a fine, or penalty, AND the employee is required under the mandate to purchase something or ALSO pay a fine or penalty..........

HM.

gotta love gubment.

Later,

Geo

I say bring home all the troops from war, stop spending money overseas, spend it here, create jobs, hire a think tank to figure out this health insurance thing to unravel it and make it affordable for everybody. We need to make the most out of our resources.