The $100,000 Raise

Picture this, tomorrow you march into your boss’s office and demand a $100,000 raise.  What do you think?  Would you walk out of that office with a job?  What if you demanded a $2,000 or $3,000 raise?  Perhaps that is more likely.  But it should be no shock that companies have been laying of tens of thousands of workers now that Obamacare is the permanent law of the land.

Starting in 2014, companies with 50 or more employees  must offer their employees corporate health insurance plans, or employee #50 will cost the company an additional $100,000-$150,000 in taxes.  That’s $2,000-$3,000 per person.  So if you are employee #50, you may want to brush up your resume.  In fact, if you are employee 50-100 you may be starting to sweat just a little bit.

So why won’t companies simply offer their employees health insurance?  Probably because with a price tag of $16,000 per family for a corporate plan, it simply isn’t economical.  Companies could pay their employees the $5,000 or so for a private plan through a defined contribution benefit package as Sears, Darden Restaurants and others are opting to do, but that does not save them from the $100,000+ tax.  Imagine being able to get money from your company to go out and buy your very own tailored healthcare plan where single men don’t have to pay for maternity and women don’t have to insure against testicular cancer.  Unfortunately, the insurance lobby was able to convince Obama that personal choice is a bad idea.

I’ve heard a lot of people suggest that companies who are laying off en masse are doing so only to protest the Obama re-election.  Yes, that’s right, companies are intentionally hurting themselves to show Obama how upset they are.  Really??  That would be like suggesting a pro-choice lesbian would get knocked up and have a baby to protest a Romney win.

It’s more like this, if a company can’t afford to pay $16,000 per family in health insurance coverage, they just might lay off 200 workers in order to save between $400,000 and $600,000.  By the way, most small businesses with 5o employees can’t afford  $100,000 in additional taxes.

If you think companies are just bitter and that is why job losses are up 78,000 since the election, consider this: with Obamacare companies just saved $156 million by laying off those 78,000 workers.  Obama is incentivizing layoffs by taxing employment.

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New Romney Ad Ties Obama to Pelosi and Middle Class Tax Hikes

   Bookmark and Share                A new 30 second commercial being run by the Romney-Ryan ticket finally begins to interject a narrative into the presidential race that can effectively counter the Obama class warfare strategy being aimed at middle class Americans.  (see ad below this post)

While the ad is far from groundbreaking what it does do is cast a large shadow of doubt over President Obama’s policies by pointing out that not only will they lead to higher taxes on the middle class… they ‘already have’ raised taxes on the middle class.

The ad which is aptly titled “Already Has” bases the claim on a very reliable and non-partisan report issued by the Congressional Budget Office back in July.  The report essentially concludes that between Obamacare and Obama economic policies the federal government will spend more money, raise more tax revenue, and reduce the deficit by much less than the President claims.

According to the C.B.O. revenue increases built into in the Obamacare law would essentially lead to a trillion dollars in higher taxes.  These taxes include revenues from Obamacare-driven individual and employer mandates, combined with a so-called “Cadillac tax” on high-cost benefits and additional taxes on drugmakers, medical device manufacturers and insurers.   All of which in addition to raising medical costs will also place direct and indirect tax increases on middle class taxpayers and their families.  The report also concludes that this would all result in  a net increase in federal budget deficits of $109 billion over the 2013–2022 period.

All of this spells disaster for taxpayers and the American economy and none of it should provide thinking Americans with  good reason to reelect President Obama but to really drive the point home, the ad goes a step further by featuring a picture of the President with House Minority Leader Nancy Pelosi.  The image is a politically damaging reminder of just how ideologically close Obama and Pelosi.  It is a point that can only help to turn the stomachs of any fiscally responsible voter.

Unfortunately, most casual observers will not want to get into the nuts and bolts that explain the charges in Romney’s new ad.  However, by just bringing it to the attention of the 6% or so of the independent voters out there in the six swing states that will determine who the next President is, Romney is finally on track to establishing a narrative in this campaign that could provide him with the momentum he needs to turn those currently uncommitted voters in to committed Romney voters.

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