Green Energy
From Weasel Zippers:
REAPEAL!
- "i Don’t Think The Employer Mandate Will Go Into Effect”
Former WH press secretary Robert Gibbs, speaking to a crowd in Colorado yesterday.Holee shit.In February, the Obama Administration announced the second delay to the mandate, which requires certain businesses to either offer their full-time employees insurance...
- Report: Second Wave Of Health Plan Cancellations Coming Next Fall, Between 50-100 Million Could Lose Their Coverage
From Fox: A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections. The next round of cancellations...
- Behold The Part-time Worker Society: "we Won't Start Hiring Full-time People"
From Tyler Durden: Once again, as always happens with a very substantial delay, two themes that have been covered extensively on these pages in the past much to the ridicule of the mainstream media, namely that while the US may have "No Manufacturing...
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Why didn't anyone try to tell them this would happen? Oh yeah, that's right. . . Hot Air: Report: Private sector job creation ground to a halt almost instantly after Obamacare passed A new report out yesterday from The Heritage Foundation shows...
- A Federal Sales Tax
It has begun. And if they can start with something like tanning services and hoe sales, they will find a way to federally sales tax anything. Where are Hancock and Adams when you need them? The Spokesman h/t Gateway Pundit: Health law’s heavy impact...
Green Energy
White Castle, IHOP Both Say Their Businesses Are Going to be Threatened by ObamaCare
From Weasel Zippers:
(Cleveland Plain Dealer)- The White Castle hamburger chain fears that a health insurance reform law adopted earlier this year will put its profits on a downward slide.
The Columbus-based family owned restaurant chain – known for serving small square hamburgers called “sliders” – says a single provision in the bill will eat up roughly 55 percent of its yearly net income after 2014.
Starting that year, the bill levies a $3,000-per-employee penalty on companies whose workers pay more than 9.5 percent of household income in premiums for company-provided insurance.
White Castle, which currently provides insurance to all of its full-time workers and picks up 70 to 89 percent of their premium costs, believes it will likely end up paying those penalties. The financial hit will make it hard for the company to maintain its 421 restaurants, let alone create new jobs, says company spokesman Jamie Richardson. White Castle employs more than 10,000 people nationwide, and more than 1,200 in Ohio.
Though advocates of the health insurance bill say its reforms will boost employment, House Republican Leader John Boehner of Ohio, a vocal foe of the changes, says White Castle’s analysis shows how the law’s “job-crushing” impact will be most severe in lower-income areas, where jobs like those at White Castle are most needed.
“The irony is that in the name of expanding health care coverage, the administration is making it harder than ever for unskilled workers to get started in the workforce,” Boehner said in a missive on White Castle’s plight.
George Ebinger of New Jersey, who owns several International House of Pancakes restaurants, says the penalties for not insuring his 140 workers will cost roughly half as much as insuring them. He figures he will have to raise prices and possibly lay off workers to come up with the $220,000 he anticipates the penalties will cost.
REAPEAL!
- "i Don’t Think The Employer Mandate Will Go Into Effect”
Former WH press secretary Robert Gibbs, speaking to a crowd in Colorado yesterday.Holee shit.In February, the Obama Administration announced the second delay to the mandate, which requires certain businesses to either offer their full-time employees insurance...
- Report: Second Wave Of Health Plan Cancellations Coming Next Fall, Between 50-100 Million Could Lose Their Coverage
From Fox: A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections. The next round of cancellations...
- Behold The Part-time Worker Society: "we Won't Start Hiring Full-time People"
From Tyler Durden: Once again, as always happens with a very substantial delay, two themes that have been covered extensively on these pages in the past much to the ridicule of the mainstream media, namely that while the US may have "No Manufacturing...
-
Why didn't anyone try to tell them this would happen? Oh yeah, that's right. . . Hot Air: Report: Private sector job creation ground to a halt almost instantly after Obamacare passed A new report out yesterday from The Heritage Foundation shows...
- A Federal Sales Tax
It has begun. And if they can start with something like tanning services and hoe sales, they will find a way to federally sales tax anything. Where are Hancock and Adams when you need them? The Spokesman h/t Gateway Pundit: Health law’s heavy impact...