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Confirmed: Obamacare Is Already Killing Jobs Thank You Democrats (Video)
by Jim Hoft
January 19, 2013
You thought the last four year were disastrous?
Wait until Obamacare hits. Its already forcing companies to cut jobs and hours.
Its now clear that Obamacare is already forcing businesses to cut employees and employee hours in order to comply to the law.
Thank you Democrats.
The National Review ( Obamacare?s Job-Killer - Jillian Kay Melchior - National Review Online )has more on Obamacares job-killing mandate.
American manufacturers are already struggling to recover, never mind expand. In that context, the Obama health laws employer mandate proves especially counterproductive.
The Census Bureau doesnt calculate how many manufacturing firms are near the 50-employee threshold. But its numbers do show that the majority of them are small enough that the employer mandate may be a significant problem. Of Americas total 258,662 manufacturing companies, 197,701 had fewer than 20 employees in 2010, around the time when hiring growth picked up. Another 46,005 had between 20 and 99 employees.
And it doesnt matter that most manufacturers already provide health care: The National Association of Manufacturers (NAM) estimates that 97 percent of its members already do so. Employers plans must cover at least 60 percent of employees average health expenses, and workers cant contribute more than 9.5 percent of their family income, or the fees kick in anyway. That $2,000-per-employee penalty falls on top of the stiff taxes, trade barriers, and environmental limitations that manufacturers already have to contend with.
[Excerpt]
Read more:
Confirmed: Obamacare Is Already Killing Jobs ? Thank You Democrats (Video) | The Gateway Pundit