It’s official: Businesses cutting jobs because of Obamacare

With all the issues confronting our national security and foreign policy, it’s easy to forget were facing serious domestic policy issues as well. Namely, we are stuck in the worst economic recovery in quite some time and many Americans feel we’re still in a recession — Main Street is suffering.

This past Monday evening I spoke to the Marquette University Campus Republicans on the issue of “Growth, Opportunity and Promise for the Next Generation.” The purpose of my comments was to outline the government policies that are affecting their future hopes to find gainful employment in America upon graduation.

One of the policies that I stressed as being an immense anchor weighing down our economy and its growth is the Patient Protection and Affordable Care Act (PPACA) – aka Obamacare. It just might be the reason these graduates won’t be able to find a fulltime job.

Fox News says “Businesses are cutting jobs due to ObamaCare, according to surveys by several regional Federal Reserve Banks. Health economist John Goodman noted that “three Federal Reserve Banks in Philadelphia, New York and Atlanta have surveyed the folks in their area and roughly one fifth of the employers are saying they cut back on employment. “Roughly one fifth are saying they’re moving from full time to part time,” Goodman added. “More than one in ten are saying they’re doing more outsourcing – all this because of the new health care reform.”

Regardless of the delay of the employer mandate, it’s still a looming threat to our economy, especially small business owners. There’s also the looming specter of the 50-employee threshold which is preventing business expansion due to the increased fines for providing healthcare.

All this is occurring in an environment where small business owners are having to contend with increased regulatory costs and higher tax rates — remember small businesses operate as S-Corps/LLCs using personal income tax rates.

So when we hear the incessant ranting of progressive socialists regarding spreading the wealth, paying your fair share, and economic fairness, the message is simple: we don’t support small business growth.

And when you have a president whose business acumen is nonexistent and a philosophy centered on the statement, “you didn’t build that” — you can just imagine his care and concern about individual American entrepreneurial investment, innovation, and ingenuity.

I sat on the House Committee on Small Business and heard constantly how the policies emanating from the Obama administration are negatively impacting that which represents almost 75 percent of our economy.

As Fox News says, “according to Doug Holtz-Eakin, former Director of the Congressional Budget Office, said “for the smaller employers — those that have between 20 and 49 employees — you get a negative impact on jobs, you get a negative impact on wages in those jobs. What this means for small business as a whole is over $22 billion of earnings gone for their workers and 350,000 jobs.”

And with the loss of earnings and jobs, so goes the loss of opportunity for Americans — but hey, they can be added to the growing number on food stamps and fitting into Yankee Stadium 925 times. And just so you know, since Obama’s reign began, the number of Americans on food stamps has gone from 31 million to over 46 million — it topped out at 47 million.

All this sounds rather purposeful to me and part of the “fundamental transformation” of America — the expansion of the welfare nanny-state and the decimation of our private sector economy, which is being replaced by a government spending economy.

Another aspect of Obamacare that is killing our economic recovery is the 30-hour work week maxim, which is also part of the employer mandate — resulting in more part-time positions and the loss of FTE (full time equivalent).

Merrill Matthews of the Institute for Policy Innovation noted, “you have a kind of a natural cliff there, that keeping your employees under that magic number” relieves employers of the mandate to provide insurance. “The 30-hour cutoff is how the administration determines whether you’re full time or part time,” Goodman explained. “And so we see this everywhere that people are restricted, they’re pushed below 30 hours, they count as part time and when they’re part time, the employer doesn’t have to provide health insurance.”

The Obama administration has effectively raised operating costs on employers and is making it harder for them to survive, let alone grow. “Yes we are going to see increased cost to employers who are trying to provide health care for their employees, but employers don’t just take that lying down,” said Tevi Troy of the American Health Policy Institute. Goodman added, “Even among full-time workers, their take home pay is going to go down because one thing that almost all the employers are doing in response to Obamacare is raising the deductibles, raising the co-payments and making the employee pay more of the premium.”

So in order for these struggling businesses to remain viable they have two options — shift new costs to consumers or shift the new burdens to the employees. There however is another option — shut down — and then we have more on unemployment who in turn must seek the assistance of the welfare nanny-state and the dependency society expands.

So I just have to ask, is the goal of Barack Hussein Obama and his progressive socialist disciples one of economic empowerment or economic enslavement? Do they want to encourage and incentivize the indomitable American entrepreneurial spirit or crush the will and determination of producers to build, hire and grow? Does Obama believe in individual sovereignty or collective subjugation?

Yes, these are rhetorical questions, but the answers are evident — to many, but sadly enough not to all — and still this truth is rejected by those drunk on Obama’s kool-aid.

Leave a Reply

49 Comments on "It’s official: Businesses cutting jobs because of Obamacare"

avatar
  Subscribe  
newest oldest most voted
Notify of
4MeNoRinos
Guest

Good Article Mr. West, please run in 2016 !

Earl Lee
Guest

He will not run nor can he! He’s already said HE IS NOT RUNNING! He is making waaaay too much money from you LOONS! Please donate to the FRAUDULENT GUARDIAN FUND!!

JenniferP
Guest

I was a CPA. Quit my tax practice due to all of this nonsense. I’m watching 3 of my children deal with 2 20-30 hour per week jobs. It is so wrong to keep the workers down and put folks on the dole. We predicted this in 2009. My clients thought I was crazy. Oh well.

Thomas Meadows
Guest

A lot of us saw this coming and have bin vocal about it

JenniferP
Guest

I know I have. the amazing thing is how many told me I was crazy, paranoid, just wrong. I am sure that they are all suffering now, but still refuse to admit the truth of what is happening.

beachmike
Guest

Barry Soetoro belongs in hell.

cooderhole
Guest

So if you lose your job over obamadon’tcare then you can get Obama care

PatHenry
Guest

I was quoted $376/month + $6500 deduct that’s over $11,000 a year before they pay a cent. I will just pay the fine!!

Bryan Fullerton
Guest

With that much deductible it should be 5 bucks a month. That deductible means you basically pay for all your medical costs out of pocket. The only thing it might cover would be some catastrophic accident which hopefully most people will never see. I smell a rat here someplace, Someone is making a ton of money. Where it is actually going I’d like to know.

Randmo
Guest

It’s going to the insurance companies, who were also promised subsidies from the government. (These companies donated tens of millions to obummers elections.) So we see one filthy rich hand washing the other filthy rich hand and the only thing getting clean is our pockets.

Bryan Fullerton
Guest

Figures! I sure got clean pockets.

PatHenry
Guest

If you check all the Obama care policies have huge deductibles so unless you have a major problem then save the money and pay the fine. I’m still a year away from Medicaid so I will just wait. Even Medicaid has large deductibles so I will put that $376 in the bank and use it when I need it.

Andy Martin
Guest

You can get Obamacare whether you have a job or not.

Bryan Fullerton
Guest

If you have a job you cant afford Obamacare. I think that was cooderhole’s point.

Andy Martin
Guest

Actually you’d be surprised. Check out this ACA calculator………..

http://kff.org/interactive/subsidy-calculator/

Bryan Fullerton
Guest

For income does it want AGI or Straight up Gross income?
Self employed here. Lots of money goes back into the business.

Andy Martin
Guest

I would guess AGI. Straight gross would be a helluva lot more and unfair.

Earl Lee
Guest

It’s official: Allen West Guardian Fund is a FRAUD!!!

Pam Dunn
Guest

It’s Official; You are a moronic left winger idiot.

larrygrant876
Guest

Ah, stupid people make me sad. Hey Earlee bird go catch a worm and please wear a helmet outside. Just how low is your I.Q anyway?

Earl Lee
Guest

No matter how low you believe my I.Q. is…doesn’t change the fact that the GUARDIAN FUND IS A FRAUD!! But you keep on donating there Skippy!!

Pam Dunn
Guest

More the same moronic spew;
Where’s your PROOF you dumb dimocrap turd?

Earl Lee
Guest

Wheres my proof?? Pay close attention to the chart. Look how much space FUNDRAISING is taking up!

http://www.opensecrets.org/pacs/expenditures.php?cycle=2014&cmte=C00493221

Bryan Fullerton
Guest

By the way that isn’t proof of anything even if you assume it is true. All it means is that he has a fundraiser for a purpose. And as far as i can tell he is using it for the stated purpose. Nothing fraudulent about that at all.

Earl Lee
Guest

My goodness you people are this STUPID!!

Earl Lee
Guest

Now come on….let me here how you LOONS try to justify the over 3 million of FUNDRAISING vs $35,000 given to candidates. Come on…I know you LOONS will try to explain it.

Bryan Fullerton
Guest

So lets see what you really mean to say is you are jealous because he has successful fundraiser? Well at least according to that website whos real agenda remains unknown. Since there is only one little icon on the website mentioning that fundraiser I’m fairly surprised he would be that successful. Kudos to him though if its true. lol

Earl Lee
Guest

So what is the purpose of the FUNDRAISING if you are only going to give away 35k?? This is not fundraising…this is robbery! Did you notice how many companies were paid that 3 million? Did you notice how many candidates got money??? As long as he has STUPID folks like you he will continue to rob you LOONS blind!!

Earl Lee
Guest

Ok LOON…pleas explain how do you spend over 3 million dollars only to giveaway 35k??? I know you are stupid but not THIS STUPID!!!

Bryan Fullerton
Guest

Perhaps you should read what the fundraising is for. No where does it say it has to be spent immediately to keep the Earl Lee Loon Toon happy.

Earl Lee
Guest

Why are almost 10 seperate companies to “FUNDRAISE”???? Did you look at the amount those companies are getting paid?? The money is going to THOSE COMPANIES and not much else! If walks like a thief and talks like a thief…ITS A THIEF!!!

Andy Martin
Guest

The head libtard diverts yet again.

Bryan Fullerton
Guest

Cant believe someone let that troll out. lol Perfect example of an IQ below 15. 🙂

Andy Martin
Guest

He’s on work/release from the pedo wing of his local prison.

MotherBatherick
Guest

Another example of a below average IQ is Maxine Waters. A close second is Sheila Jackson Lee.

Earl Lee
Guest

Allen (rob these loons blind) west. Leader of the TIN FOIL HAT COMMANDOS!!!

Pam Dunn
Guest

No proof just moronic liberal Dimocrap spew

Earl Lee
Guest

No proof of what?

MotherBatherick
Guest

If anyone is a fraud, it’s you. Nice try making yourself look younger and slimmer by using an old picture of yourself. Reeediculous.

JANUS
Guest

Obama creates jobs by getting Americans to teach illegals how to create welfare fraud.

spencek
Guest

We are also sending a huge number of jobs to other countries. The reasons are no environmental requirements, no retirement plans, no unions, no health plans, very little taxes, very low wages. The result is our companies are happy because they are making huge profits while the rest of the people are paying welfare and increased food stamps

Pam Dunn
Guest

MORON, AT LEAST the companies are staying in business
How about blaming the REAL cause of the problem the democrats and government with their onerous taxes.

Nullzip
Guest

not to mention (namely burger king, apple etc., etc.,) moving their headquarters to a different country that has less corporate taxes!

wordwiz54
Guest
If I were a small business owner, this is what I would do — every time I wanted/needed to expand, I’d start another company and hire people to do the job that the main company needed done. It is far cheaper to run two or three or ten companies than to pay health insurance and more profitable as each company has its own deductions. The other alternative (for some types of business) would be to hire “independent contractors” instead of employees. Not only do “indies” pay their own health insurance, they pay their own Social Security and all local and… Read more »
Eduardo
Guest
I knew simple economic facts even before my Economics 101 class, that if a business has more operating costs, employees are either downsized or given less hours and the product or service provided goes up in price, or is diminished (smaller size, less service). Evidently these politicians do not know anything about simple economics, and since they have not been working in the real world have no concept of what it means to work for a living and the increase in costs and inflation because the Fed keeps printing money to pay the debt, thereby weakening the dollar and its… Read more »
Sunshine49
Guest

This is an interview with Congressional candidate Mark Wichern in Florida. What he is saying is the TRUTH and needs to be heard by EVERY American!

https://soundcloud.com/joshua-cook-17/joshua-cook-interview-mark-wichern-soundcloud

TruePatriot
Guest

Obama is out. To destroy America and apparently has been given the green light…Whether people know it or not we are at war, and the enemy is within, the Muslim Brotherhood is running America…

Earl Lee
Guest

Bla bla bla bla bla…Obama is this and Obama is that! C’mon…give me something more ORGINAL!!