"The Obamacare train wreck bearing down on us is about far more than higher costs.... "’s an implicit payroll tax increase of almost 5 percent. The net result is a reduction in productivity throughout the economy. "Imposing a large new tax will persuade many that long hours are for suckers. Many will decide that it isn’t worth the effort and drop out of the work force. Why work full-time to see the money taxed away? Better to work fewer hours and keep the same after-tax income.... "Obamacare imposes additional pressure on bosses to move employees to part-time status to avoid large penalties by the IRS.... "A vibrant economy is the reward of hard work by a lot of Americans, and the government should encourage productivity, not penalize it."
Posted on: Tue, 10 Sep 2013 16:36:19 +0000
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