OBAMACARE?

[2500 HD]

AND THEY, ARE VERY AFRAID OF THE FACT THAT WHITE AMERICA WILL BE IN THE MINORITY IN JUST A FEW YEARS,-----------------------------------------------------------------------------AND 2500-VD YOU MIGHT WANT TO STAY AWAY FROM THEM FARM ANIMALS,,,,,,,,,

Question for you Dufus, Are you then a member of the MINORITY WHITE AMERICA of the future???????????

Democrats are proof that Indians screwed Buffalo............. What outcross are you from???? A donkey and a mule.

[2500 HD]

The Pelosi Jobs Tax

[Source: online.wsj.com, July 30, 2009]

Even many Democrats are revolting against Speaker Nancy Pelosi’s 5.4% income surtax to finance ObamaCare, but another tax in her House bill isn’t getting enough attention. To wit, the up to 10-percentage point payroll tax increase on workers and businesses that don’t provide health insurance. This should put to rest the illusion that no one making less than $250,000 in income will pay higher taxes.

To understand why, consider how the Pelosi jobs tax works. Under the House bill, firms with employee payroll of above $250,000 without a company health plan would pay a tax starting at 2% of wages per employee. That rate would quickly rise to 8% on firms with total payroll of $400,000 or more. A tax credit would help very small businesses adjust to the new costs, but even a firm with a handful of workers is likely to be subject to this payroll levy. As we went to press, Blue Dogs were taking credit for pushing those payroll amounts up to $500,000 and $750,0000, but those are still small employers.

So who bears the burden of this tax? The economic research is close to unanimous that a payroll tax is a tax on labor and is thus shouldered mostly if not entirely by workers. Employers merely collect the tax and then pass along its costs in lower wages or benefits. This is the view of the Democratic-controlled Congressional Budget Office, which advised on July 13: “If employers who did not offer health insurance were required to pay a fee, employee’s wages and other forms of compensation would generally decline by the amount of that fee from what they otherwise would have been.”

To put this in actual dollars, a worker earning, say, $70,000 a year could lose some $5,600 in take home pay to cover the costs of ObamaCare. And, by the way, this is in addition to the 2.5% tax that the individual worker would have to pay on gross income, if he doesn’t buy the high-priced health insurance that the government will mandate. In sum, that’s a near 10-percentage point tax on wages and salaries on top of the 15% that already hits workers to finance Medicare and Social Security.

Even Democrats are aware that his tax would come out of the wallets of the very workers they pretend to be helping, so they inserted a provision on page 147 of the bill prohibiting firms from cutting salaries to pay the tax. Thus they figure they can decree that wages cannot fall even as costs rise. Of course, all this means is that businesses would lay off some workers, or hire fewer new ones, or pay lower starting salaries or other benefits to the workers they do hire.

Cornell economists Richard Burkhauser and Kosali Simon predicted in a 2007 National Bureau of Economic Research study that a payroll tax increase of about this magnitude plus the recent minimum wage increase will translate into hundreds of thousands of lost jobs for those with low wages. Pay or play schemes, says Mr. Burkauser, “wind up hurting the very low-wage workers they are supposed to help.” The CBO agrees, arguing that play or pay policies “could reduce the hiring of low-wage workers, whose wages could not fall by the full cost of health insurance or a substantial play-or-pay fee if they were close to the minimum wage.”

To make matters worse, many workers and firms would have to pay the Pelosi tax even if the employer already provides health insurance. That’s because the House bill requires firms to pay at least 72.5% of health-insurance premiums for individual workers and 65% for families in order to avoid the tax. A Kaiser Family Foundation survey in 2008 found that about three in five small businesses fail to meet the Pelosi test and will have to pay the tax. In these instances, the businesses will have every incentive simply to drop their coverage.

A new study by Sageworks, Inc., a financial consulting firm, runs the numbers on the income statements of actual companies. It looks at three types of firms with at least $5 million in sales: a retailer, a construction company and a small manufacturer. The companies each have total payroll of between $750,000 and $1 million a year. Assuming the firms absorb the cost of the payroll tax, their net profits fall by one-third on average. That is on top of the 45% income tax and surtax that many small business owners would pay as part of the House tax scheme, so the total reduction in some small business profits would climb to nearly 80%. These lower after-tax profits would mean fewer jobs.

To put it another way, the workers who will gain health insurance from ObamaCare will pay the steepest price for it in either a shrinking pay check, or no job at all.






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[bluegrass]

To put it another way, the workers who will gain health insurance from ObamaCare will pay the steepest price for it in either a shrinking pay check, or no job at all.





It will be the second option more often than not...you can always count of the business owner looking at a situation and taking the easiest road, the one that keeps him from underneath the government boot...cant blame him either. Get rid of workers, get rid of Governement oversight....another backfire from the idiots in waaaaay over their heads.



Tony

[Rabbithoundjb]

You guys are right on the money. Both the healthcare and the cap & trade bills WILL cost americans jobs. A liberal socialist at work speading the poverty. Lets bring the private sector down because the poor and middle class are to naive or dumb to realize we (the government) are going to keep the money and there going to be in worse shape than they were to begin with.

[Tim H]

REPUBLICAN'S CONTINUE TO ATTACK AMERICA LIKE A CANCER AT THE CORE,STALLING AND TRYING TO STOP ANY PROGRESS

Multiple times I have cleared this FACT up for you. The Democrats are in charge and can pass anything they want. They don't need the Republicans to do anything. It's a pathetic repetition of liberal talking points.

[Pine Mt Beagles]

THE OWNERS OF THE REPUBLICAN PARTY, THE INSURANCE COMPANIES,, HAVE SENT THEIR THUGS OUT TO INTERRUPT, THE TOWN HALL MEETINGS AND,THREATEN ANY ONE WHO WANTS TO HAVE A SEARIOUS TALK ABOUT HEALTH CARE,THEY ARE SIMPLY AFRAID TO LET THE AMERICAN PEOPLE SEE THROUGH ALL THE REPUBLICAN LIES ,,AS USUAL,THEY JUST SHOUT LOUDER ,SAY NOTHING,ANYTHING TO STOP ANY PROGRESS FOR AMERICA THE PARTY OF NO TO AMERICA STRIKES AGAIN,,

[2500 HD]

THE OWNERS OF THE REPUBLICAN PARTY, THE INSURANCE COMPANIES,, HAVE SENT THEIR THUGS OUT TO INTERRUPT, THE TOWN HALL MEETINGS AND,THREATEN ANY ONE WHO WANTS TO HAVE A SEARIOUS TALK ABOUT HEALTH CARE,THEY ARE SIMPLY AFRAID TO LET THE AMERICAN PEOPLE SEE THROUGH ALL THE REPUBLICAN LIES ,,AS USUAL,THEY JUST SHOUT LOUDER ,SAY NOTHING,ANYTHING TO STOP ANY PROGRESS FOR AMERICA THE PARTY OF NO TO AMERICA STRIKES AGAIN,,

Just wanted to correct you........... That would be the owners of the Democrat party..........And that would be to stop from destroying America......

[2500 HD]

AND THEY, ARE VERY AFRAID OF THE FACT THAT WHITE AMERICA WILL BE IN THE MINORITY IN JUST A FEW YEARS,-----------------------------------------------------------------------------AND 2500-VD YOU MIGHT WANT TO STAY AWAY FROM THEM FARM ANIMALS,,,,,,,,,

Question for you Dufus, Are you then a member of the MINORITY WHITE AMERICA of the future???????????

Democrats are proof that Indians screwed Buffalo............. What outcross are you from???? A donkey and a mule.

ANSWER THE QUESTION

[bluegrass]

THE OWNERS OF THE REPUBLICAN PARTY, THE INSURANCE COMPANIES,, HAVE SENT THEIR THUGS OUT TO INTERRUPT, THE TOWN HALL MEETINGS AND,THREATEN ANY ONE WHO WANTS TO HAVE A SEARIOUS TALK ABOUT HEALTH CARE,THEY ARE SIMPLY AFRAID TO LET THE AMERICAN PEOPLE SEE THROUGH ALL THE REPUBLICAN LIES ,,AS USUAL,THEY JUST SHOUT LOUDER ,SAY NOTHING,ANYTHING TO STOP ANY PROGRESS FOR AMERICA THE PARTY OF NO TO AMERICA STRIKES AGAIN,,

You REALLY gotta stop listening to Chris Matthews and Keith Olberman...two of the looniest lefties out there....cmon Rufus. Take the blinders off.



Tony

[Tim H]

THE OWNERS OF THE REPUBLICAN PARTY, THE INSURANCE COMPANIES,, HAVE SENT THEIR THUGS OUT TO INTERRUPT, THE TOWN HALL MEETINGS AND,THREATEN ANY ONE WHO WANTS TO HAVE A SEARIOUS TALK ABOUT HEALTH CARE,THEY ARE SIMPLY AFRAID TO LET THE AMERICAN PEOPLE SEE THROUGH ALL THE REPUBLICAN LIES ,,AS USUAL,THEY JUST SHOUT LOUDER ,SAY NOTHING,ANYTHING TO STOP ANY PROGRESS FOR AMERICA THE PARTY OF NO TO AMERICA STRIKES AGAIN,,

Yes, the Republicans have always been known as the RADICAL ACTIVISTS!!

All of your thought processes can be summed up in the days liberal sound bites. Why post them, we could watch the liberal media if we wanted to.

[TC]

Congressman John Fleming (Louisiana physician) has proposed an amendment that would require congressmen and senators to take the same healthcare plan they force on us (under proposed legislation they are curiously exempt). Congressman Fleming is encouraging people to go on his Website and sign his petition (very simple - just first, last and email).




I have immediately done just that at: http://fleming.house.gov. Please urge as many people as you can to do the same!

If Congress forces this on the American people, the Congressmen should have to accept the same level of health care for themselves and their families.