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Companies plan to pay for health care mandate by shedding workers

Earlier this week the Washington Times ran an opinion piece penned by Rep. Darrell Issa about the effect of the PPACA on job creators. I have posted here extensively on this issue and how when in effect the PPACA will kill jobs.

Click here to read Rep. Issa’a important opinion piece.

The most egregious provision is a tax penalty on businesses with at least 50 workers who fail to offer adequate, government-approved health insurance. Depending on circumstances, these firms will face a tax penalty of either $2,000 or $3,000 per worker. Common sense and data show that the burden of paying this tax will fall on consumers in the form of higher prices, on shareholders in the form of lower profits and on workers in the form of lower wages and fewer jobs.

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