The Job Killing Obama Healthcare Legislation Law … 74% of Small Businesses will Fire Workers and Cut Hours under Obamacare
Obamacare … this is the reason why a bill that affects so many Americans is supposed to be read, discussed and passed by a bipartisan vote.
According to a recent poll, the Chambers survey showed that three-quarters of small businesses are still making plans to avoid the costly Obamacare law by firing workers to get under 50 employees, reducing hours of full-time staff, or shift many to part-time. At a time in which the unemployment rate is consistently above 7%, so many Americans find themselves underemployed and food stamps are at an all time high, now small businesses have this terrible law thrust upon than that is a job killer and will now have workers converted for full time to part time. The Obama administration has already delayed the employer mandate until 2015 as they scramble to implement this fiasco. The House looks to take a vote to delay the individual mandate as well. However, no matter, whether the delay is one year or 2, employers are already making decisions to deal with the law so to defray the new expenses in Obamacare. So can some one explain again how Obamacare is good for America?
Despite the administration’s controversial decision to delay forcing companies to join Obamacare for a year, three-quarters of small businesses are still making plans to duck the costly law by firing workers, reducing hours of full-time staff, or shift many to part-time, according to a sobering survey released by the U.S. Chamber of Commerce.
“Small businesses expect the requirement to negatively impact their employees. Twenty-seven percent say they will cut hours to reduce full time employees, 24 percent will reduce hiring, and 23 percent plan to replace full time employees with part-time workers to avoid triggering the mandate,” said the Chamber business survey provided to Secrets.
Under Obamacare, just 30 hours — not the nationally recognized 40 hours — is considered full-time. Companies with 50 full-time workers or more are required to provide health care, or pay a fine.
- 77 percent continue to think the U.S. economy is on the wrong track. However, small businesses are more optimistic about their local economy and individual business.
- The majority (61 percent) of small businesses do not have plans to hire next year.
- Concerns about regulation have increased significantly from 35 percent last quarter to 42 percent now.
This should come as a shock to no one, you were all warned that this would happen. But we were just called racists and Obama haters. No, we were calling the signature piece of Barack Obama legislation for what it was, a disaster that was terrible for Americans and America.