Wednesday, February 11, 2015

The Cadillac Tax vs. Imports

ObozoCare strikes (cough) again!!!

The slow-roll implementation of Obamacare threatens to close U.S. commercial ports on the West Coast. The 29 ports, which handle 70 percent of maritime imports from Asia, were closed over the weekend after months of contentious contract negotiations....

... Obamacare imposes a 40 percent tax on health benefits deemed too generous by the government. Health benefits exceeding $10,200 a year in value for individuals or $27,500 for families are defined as “Cadillac” plans and are subject to the tax. Health benefits for longshoremen exceed $40,000 per employee, meaning the union would be served an enormous tax bill when the penalty is imposed in 2018....quoted at MoonBattery

(FORTY GRAND PER EMPLOYEE???  That's beyond the most avaricious dreams of Wisconsin teachers, or even Milwaukee County employees!!)

The Democrats did not know what was in that particular box of chocolates, alright.  Shutting down ports--which also stops exports--will gobsmack GDP, and that's just the beginning.  Construction workers are next, and the UAW negotiations should be fun, too.

That'll really help the "recovery" we mentioned below, eh??

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