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The Spectacle Blog
Burger chain White Castle says that one provision in the new national health care law could cut it’s earnings in half, causing it to curtail expansion plans and slow hiring.
At issue is a measure that would slap employers with a $3,000 penalty when a worker’s contribution to health insurance premiums exceeds 9.5 percent of household income. The problem for a fast food chain such as White Castle is that many of their workers are on the lower end of the pay scale, so insurance premium payments will tend to eat up a higher percentage of a worker’s earnings, slaming them with the penalty.
The chain crunched the numbers, and in a statement to House Minority Leader John Boehner’s office, says:
In present form, this provision alone would lead to approximate increased costs equal to over 55% of what we earn annually in net income (based on past 4-year average). Effectively cutting our net income in half would have [a] devastating impact on the business - cutting future expansion and more job creation at least in half. Sadly, it makes it difficult to justify growing where jobs are needed most - in lower income areas.
Via Jeffrey Anderson.
View all comments (9) | Leave a comment
More Blog Posts by Philip Klein
http://spectator.org/blog/2010/05/17/harold-kumar-meet-obamacare
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HeatherRadish| 5.17.10 @ 4:58PM
Also opens the door to refusing to hire unmarried people--WC workers with a working spouse will have higher household income. Single mothers who actually want to get off welfare are going to have it really tough. Of course, that's the whole point of Obamacare, right? Total and utter dependence on government largesse for your survival...
Pete| 5.17.10 @ 5:06PM
Rather than modify the law, they will create another bureaucracy to oversee exceptions to it...perhaps you will have to be vetted by your local ACORN office before getting an exemption to be hired outside of the law's effects.
Can you imagine if this were a natural effect of a Republican backed law? The cry of racism would be deafening.
Tony in Central PA| 5.17.10 @ 5:21PM
Our Idiocracy at work.
Nolann Ryann| 5.17.10 @ 6:39PM
We have to pass it see what is in it. How can anyone forget that brilliant analysis from one of the dumbest and most corrupt members to ever serve in Congress.
Stan Redmond| 5.18.10 @ 9:19AM
As long as all these people that will be hurt badly by the Obamacare law vote for democrats when they are unemployable and on welfare, then the law has worked as intended.