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Thanks to Obamacare, Small Businesses Plan on Eliminating Jobs Before 2014

loisoo01 Wrote: Jul 17, 2012 7:44 PM
Employers with fewer than 50 employees are exempt from new employer responsibility policies. They don’t have to pay an assessment if their employees get tax credits through an Exchange.
francisdesales Wrote: Jul 17, 2012 7:51 PM
Guess what? A lot of states have already gone on record saying that they aren't gonna do no stickin' exchanges. They are tired of Federally unfunded mandates. It's not like they can just go print their own monopoly money, like the Fed...
loisoo01 Wrote: Jul 17, 2012 7:52 PM
For Gov. Rick Perry, saying "no" to the federal health care law could also mean turning away up to 1.3 million Texans, nearly half the uninsured people who could be newly eligible for coverage in his state.
Obamacare’s employer mandate has small businesses scrambling to reduce their workforce in anticipation of the law’s implementation in 2014. Under the employer mandate, businesses with 50 or more full-time employees have to provide coverage or pay a $2,000 penalty for every worker minus the first 30. Growing businesses have discovered that expanding their workforce beyond 50 fulltime workers is simply too burdensome. In order to survive, many of these companies will have to either scale back the hours of existing employees so that they are no longer classified as fulltime or let them go altogether. CNN reports on how a few...