The Small Business Connection
Quoting the White House’s web site…
“President Obama is committed to creating an environment where America’s small businesses — our engines of job creation — can grow and prosper by supporting small business with new tax relief, favorable treatment of investments, and rewards for hiring. Since taking office, President Obama has shown his unprecedented commitment to small businesses across America” (www.whitehouse.gov, accessed Sept 2, 2015)
So…why are we seeing recent headlines like these?
“IRS drops bomb on small employers”
Mississippi Business Journal, August 13, 2015
Small businesses are being punished for helping their employees pay for coverage on the Obamacare exchanges. Does this sound like an administration that wants to help people get coverage? Is that the real goal? Or is it to punish the free market, to prevent this Rube Goldberg law from failing and to control Americans’ healthcare options?
“If a company has five employees, the total tax would be $182,500. A “large” employer with 50 employees that did not provide insurance in compliance with the Affordable Care Act, would be subject to…a total of $40,000