Businesses with 50 or more employees will be required to pay the Obamacare mandate tax up to $2,000 per employee each year or they will close down, reduce hours to part-time or cut back on the number of employees.
See CSteven Tucker's post:
“Controlled group” provisions are meant to prevent skirting around the law” said Christopher Condeluci, a Washington D.C. attorney at the law firm Venable who helped draft the rule for the Senate Finance Committee. “These rules are intended to snuff out this type of abuse,” Condeluci said. “You cannot get around the employer mandate.”
Let’s say your a business owner who employs 50 or more employees at completely different companies. You have 25 employees at a car repair shop and 25 at a restaurant. You would have to provide insurance or pay the “Roberts Tax” at both, even though each or your separate company has less than 50 employees. Again, it’s the named owner of those combined companies that the IRS looks at under ‘controlled group’ provisions.
Worse yet, Married couples may also find themselves impacted by ‘controlled group’ provisions, since IRS law generally assumes an individual owns interest in their spouse’s business. Oh, it’ just keeps getting better doesn’t it? http://csteventucker.wordpress.com/2012/11/16/governors-can-and-should-stop-the-obamacare-exchanges-at-the-state-level/ [Stevens blog is a great resource on the dangers of Obamacare and what to expect. He is in the health insurance industry and knows how it will effect insurance companies, individuals and increase the cost of premiums and health care for all]
These job cuts have already been happening across the country and after Obama's re-election there has been a growing exodus of companies and small businesses doing this, while we are already above 8% unemployment. Expect it to get much worse since Obama won re-election and the chances of repealing Obamacare are shrinking, unless state lawmakers/Governors stop the health care exchanges at the state level.
Check http://dailyjobcuts.com for the lastest job losses, bankruptcies, etc in Obamaville. This is what Obamanomics has created...soon we will all be equally poor and the rich will stay rich and move to other countries. The US will have the higheset corporate tax in the world starting in 2013 at 35% and the list goes on and on.
How anyone could have re-elected this disasterous administration is beyond me...but as I have posted before, he won through voter fraud, illegal voters, states that wouldn't enforce voter ID laws and because of our complicit media who covered up his failed policies and the growing list of scandals that surround him.
That's why I am hoping to get at least 10,000 other patriots to join me in taking legal action against the media!
A Call To Action to Restore America & What's Really Destroying America http://sco.lt/78C6c5 It's time to take legal action against the complicit liberal media&take back the message in schools!