There’s no question that President Obama’s decision to delay the employer mandate in Obamacare was done for political reasons. Few in the media are making note of how he is violating the very law that he signed into effect, or even that it was too little, too late. People are still losing their jobs, or having their hours cut. For business owners, one year is pretty meaningless when it comes to personnel decisions. Most look at the big, long-term picture. And when it comes to Obamacare, that is one ugly picture and they want no part of it.
At least IBD is paying attention and reporting the real news.
For many workers, the one-year delay in ObamaCare’s employer mandate was too little, too late.
The delay doesn’t offer sufficient reason for CY Farms in upstate New York to reconsider its decision to cut 25 workers from its payroll, managing partner Craig Yunker told IBD.
Those workers were let go when the farm decided that the additional costs of complying with ObamaCare made it hard to justify planting a labor-intensive cabbage crop this year.
“Last February is when we needed to make decisions about buying seed and growing the transplants in a greenhouse,” Yunker said.
The slimmed-down farm now falls just below the 50 full-time- equivalent worker threshold that triggers ObamaCare mandates.
The 2010 health law’s nondeductible penalties of $2,000 per worker (minus the first 30 workers) could have cut roughly $80,000 from CY Farms’ after-tax bottom line.
Like CY Farms, many public and private employers had shifted their hiring policies to limit new liability under ObamaCare by the time the Obama administration moved on July 2 to delay the employer mandate until 2015.
Read the whole thing. This not only involves small to medium businesses like CY Farms, but also state-run agencies. Calling it a train wreck is too kind. Train wrecks have an end, this thing just goes on and on like a nuclear nightmare. If you think consumer retail spending was bad last month, just wait until this abomination is fully implemented. At that point 2008 – the year of “the worst economic crisis since the Great Depression” – will look like the good old days.
The unions had waivers for a while, and then those waivers expired and now they’re whining, because big businesses figured out the best way to deal with this rotten law is to dump employees into the exchanges on the dime of the taxpayers. I have no doubt that Wal-Mart was on board with Obamacare from the beginning for that very reason.
Things are more complicated for small and medium businesses, many of which are on the verge of going out of business at any given moment. They’re just doing what they have to do to stay afloat, without the help of high-paid lobbyists. They know this mandate delay is just a delay, and they know what’s coming. So they aren’t about to change their plans to provide cover for the Democrats who passed this crap sandwich before they knew what was in it.
This just goes to show why you should never vote for someone without private sector experience. How can you elect someone to impose onerous regulations on businesses when that someone never even came close to running a business?