Note to the Obama administration and the Democrat ilk that carries water for it… you’re supporters are figuring you out.
TERRE HAUTE, Ind. â€” In 2006, when Indiana small-business owner Scott Womack purchased a development agreement to expand his IHOP franchise into Ohio, he had no idea Congress would pass a massive overhaul of the health care system four years later.
Today, one year after that legislative overhaul became law, Womack is very aware of Obamacare â€” and of its effects on his plans for growth.
Under the year-old law, Womack must provide health insurance to all full-time employees beginning in 2014. Right now, he employs nearly 1,000 full- and part-time workers and already offers insurance to his management staff. He simply does not know how heâ€™ll generate the revenue to do more.
Womack estimates the cost of the law to his company will be 50 percent greater than his companyâ€™s earnings â€” in other words, beyond his ability to pay.
In other words… so much for job creation. It will effectively deliver the “no longer expanding business” signs to small business across our nation.
Heritage Foundation also included this video.
It’s not just the small business owner… check out this nugget at HotAir.com.
Yep, Starbucks CEO Howard Schultz, a former significant advocate for Obamacare, is no longer carrying the water.
I think as the bill is currently written and if it was going to land in 2014 under the current guidelines, the pressure on small businesses, because of the mandate, is too great.
What I still don’t understand is why people like Howard Schultz didn’t see this coming. We were all yelling it from the rooftops long before it passed. It’s not like Obamacare’s coming failure was some well kept secret.