SHOCKER: Healthcare Law “Encourage Small Business To Stay Small, Not Hire”

Posted by Melissa Clouthier on May 25 2010 Filed under Business, Health, News & Opinion. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You don’t say. Could this be why? Jay Heflin reports:

The new law provides a 50 percent tax credit to companies offering health coverage that have fewer than 10 workers who, on average, earn $25,000 a year. The tax credit is reduced as more employees are added to the payroll.

The NCPA study finds the reduction in tax relief to be a cost concern for companies looking to hire additional workers, but operate on slim profit margin yet still provide employee health coverage.

“You wouldn’t think this would have an impact, but at the margins, when they [business owners] decide to hire an extra worker, they’re not only going to be paying that worker’s salary, they’re going to have to absorb the cost of losing the tax credit,” Pamela Villarreal, NCPA Senior Policy Analyst and co-author of the report, told The Hill.

Guess what small businesses are doing right now? They’re burning through cash reserves so they don’t have to fire employees. They are trying to hold on to as many folks as possible in a down economy. And you know what? The people there want a job. More than health insurance.

I know this whole thing confuses/shocks those in charge, but people want jobs.

Health care reform will do more, long term, to damage the economy than even imagined. It is a disaster of monumental proportions.

Share

Save

Related Posts

1. Shocker: Gitmo prisoners would rather stay at (eeeevil) Gitmo than go to Illinois
2. Our stimulus proposal: The Small Business Tax Credit Act of 2009
3. Death by 1,000: Obama Healthcare Reform Bill: Mandatory Healthcare Insurance, Doctor Shortage and Illegal Immigrants
4. Ouch: Small Business Watch index fell 12 points in November to 76.5
5. US Senate News Briefing, May 24, 2010

Short URL: http://libertypundits.net/?p=16187