Wednesday, July 21, 2010
Obama Approval Drops To Lowest Point Ever, Quinnipiac University National Poll Finds
A year after President Barack Obama's political honeymoon ended, his job approval rating has dropped to a negative 44 - 48 percent, his worst net score ever, and American voters say by a narrow 39 - 36 percent margin that they would vote for an unnamed Republican rather than President Obama in 2012, according to a Quinnipiac University poll released today.
This compares to a 48 - 43 percent approval for Obama in a May 26 national poll by the independent Quinnipiac (KWIN-uh-pe-ack) University and a 57 - 33 percent approval last July, just before the political firestorm created by opposition to his health care plan galvanized political opponents and turned independent voters against him.
In this latest survey of more than 2,000 voters, independent voters disapprove of Obama 52 - 38 percent and say 37 - 27 percent they would vote for a Republican contender in 2012.
American voters also say 48 - 40 percent Obama does not deserve reelection in 2012.
This compares to a 48 - 43 percent approval for Obama in a May 26 national poll by the independent Quinnipiac (KWIN-uh-pe-ack) University and a 57 - 33 percent approval last July, just before the political firestorm created by opposition to his health care plan galvanized political opponents and turned independent voters against him.
In this latest survey of more than 2,000 voters, independent voters disapprove of Obama 52 - 38 percent and say 37 - 27 percent they would vote for a Republican contender in 2012.
American voters also say 48 - 40 percent Obama does not deserve reelection in 2012.
Wednesday, July 14, 2010
Obama's October surprise?
“The bottom line here is that Americans don’t believe in President Obama’s leadership,” says Rob Shapiro, another former Clinton official and a supporter of Mr Obama. “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.”
Financial Times - Published: July 13 2010
Financial Times - Published: July 13 2010
Tuesday, July 13, 2010
Monday, July 12, 2010
Saturday, July 10, 2010
Duh... 55 Percent of Likely Voters Find ‘Socialist’ an Accurate Label of Obama?
55 Percent of Likely Voters Find ‘Socialist’ an Accurate Label of Obama?
July 09, 2010 9:13 AM
By Jim Geraghty
The latest poll by Democracy Corps, the firm of James Carville and Stan Greenberg, has Republicans leading on the generic ballot among likely voters, 48 percent to 42 percent.
Deep in the poll, they ask, “Now, I am going to read you a list of words and phrases which people use to describe political figures. For each word or phrase, please tell me whether it describes Barack Obama very well, well, not too well, or not well at all.”
On “too liberal,” 35 percent of likely voters say it describes Obama “very well,” 21 percent say “well,” 21 percent say “not too well,” and 17 percent say “not well at all.” In other words, 56 percent of likely voters consider Obama too liberal.
When asked about “a socialist,” 33 percent of likely voters say it describes Obama “very well,” 22 percent say “well,” 15 percent say “not too well,” and 25 percent say “not well at all.”
In other words, 55 percent of likely voters think “socialist” is a reasonably accurate way of describing Obama.
July 09, 2010 9:13 AM
By Jim Geraghty
The latest poll by Democracy Corps, the firm of James Carville and Stan Greenberg, has Republicans leading on the generic ballot among likely voters, 48 percent to 42 percent.
Deep in the poll, they ask, “Now, I am going to read you a list of words and phrases which people use to describe political figures. For each word or phrase, please tell me whether it describes Barack Obama very well, well, not too well, or not well at all.”
On “too liberal,” 35 percent of likely voters say it describes Obama “very well,” 21 percent say “well,” 21 percent say “not too well,” and 17 percent say “not well at all.” In other words, 56 percent of likely voters consider Obama too liberal.
When asked about “a socialist,” 33 percent of likely voters say it describes Obama “very well,” 22 percent say “well,” 15 percent say “not too well,” and 25 percent say “not well at all.”
In other words, 55 percent of likely voters think “socialist” is a reasonably accurate way of describing Obama.
Monday, July 5, 2010
The perfect storm for a market crash
With capital gains taxes increasing, investors will be fleeing the market in droves before January first 2011. Prediction: This will cause the market to crash sometime in November. I hope I'm wrong. Thank you Obama.
Dow Repeats Great Depression Pattern: Charts
Take Some Profits, Before the Tax Man Takes ‘Em
Dow Repeats Great Depression Pattern: Charts
Take Some Profits, Before the Tax Man Takes ‘Em
Friday, July 2, 2010
Six Months to Go Until The Largest Tax Hikes in History
UNMITIGATED FUCKING NIGHTMARE!
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sXthfnoh
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sXthfnoh
Tuesday, June 29, 2010
Thursday, June 24, 2010
Another Bad Week For Barry Soetoro
Confidence Waning in Obama, U.S. Outlook
Americans are more pessimistic about the state of the country and less confident in President Barack Obama's leadership than at any point since Mr. Obama entered the White House, according to a new Wall Street Journal/NBC News poll.
Jim Cramer: Malaise is here, and the market knows it
Overarching pessimism is seeping into all facets of American life from the top down -- and it's awful for stocks.
Americans are more pessimistic about the state of the country and less confident in President Barack Obama's leadership than at any point since Mr. Obama entered the White House, according to a new Wall Street Journal/NBC News poll.
Jim Cramer: Malaise is here, and the market knows it
Overarching pessimism is seeping into all facets of American life from the top down -- and it's awful for stocks.
Monday, June 21, 2010
National Review Online: Hatch a Plan to Repeal Obamacare
Robert Costa
Hatch a Plan to Repeal Obamacare
The Utah Republican gets serious about repeal
In a perfect world, Sen. Orrin Hatch (R., Utah) would like to “fully repeal” Obamacare. “That’s what I voted for earlier this year,” he says, alluding to the Senate GOP’s repeal amendment from March, which failed by a vote of 58 to 39. “But, for now, full repeal is very tough. I would like to see that, but Republicans only have 41 votes.”
Hatch a Plan to Repeal Obamacare
The Utah Republican gets serious about repeal
In a perfect world, Sen. Orrin Hatch (R., Utah) would like to “fully repeal” Obamacare. “That’s what I voted for earlier this year,” he says, alluding to the Senate GOP’s repeal amendment from March, which failed by a vote of 58 to 39. “But, for now, full repeal is very tough. I would like to see that, but Republicans only have 41 votes.”
Friday, June 18, 2010
Gallup: Majority Doesn't Want Obama Re-elected
A majority of Americans do not think President Barack Obama should win re-election, according to a new Gallup poll. Gallup says that 51 percent of the registered voters surveyed say "no," 46 percent say "yes" and 3 percent don't know.
While those numbers haven't changed much in recent months, there’s plenty to worry the administration.
Fifty-three percent of self-described independents say Obama should not win another term in 2012, compared to 43 percent who say he should. That's almost a complete reversal of where independents stood on Obama's election in 2008, when swing vote moderates were the pivotal voting bloc that helped send Obama to the White House, Yahoo! News noted.
The defection of independents is part of a larger trend in which moderates have been expressing their dissatisfaction with the Democrats for months, with polls showing the group leaning strongly toward the GOP ahead of this November's midterm elections.
While those numbers haven't changed much in recent months, there’s plenty to worry the administration.
Fifty-three percent of self-described independents say Obama should not win another term in 2012, compared to 43 percent who say he should. That's almost a complete reversal of where independents stood on Obama's election in 2008, when swing vote moderates were the pivotal voting bloc that helped send Obama to the White House, Yahoo! News noted.
The defection of independents is part of a larger trend in which moderates have been expressing their dissatisfaction with the Democrats for months, with polls showing the group leaning strongly toward the GOP ahead of this November's midterm elections.
politico.com - Darrell Issa has eye on subpoena team
Rep. Darrell Issa, the conservative firebrand whose specialty is lobbing corruption allegations at the Obama White House, is making plans to hire dozens of subpoena-wielding investigators if Republicans win the House this fall.
The California Republican’s daily denunciations draw cheers from partisans and bookings from cable TV producers. He even bought his own earphone for live shots. But his bombastic style and attention-seeking investigations draw eye rolls from other quarters. Now, he’s making clear he won’t be so easy to shrug off if he becomes chairman of the House Oversight and Government Reform Committee in 2011.
READ MORE
The California Republican’s daily denunciations draw cheers from partisans and bookings from cable TV producers. He even bought his own earphone for live shots. But his bombastic style and attention-seeking investigations draw eye rolls from other quarters. Now, he’s making clear he won’t be so easy to shrug off if he becomes chairman of the House Oversight and Government Reform Committee in 2011.
READ MORE
Wednesday, June 16, 2010
Monday, June 14, 2010
Saturday, June 12, 2010
Investor's Business Daily - Keep Your Health Plan Under Overhaul? Probably Not, Gov't Analysis Concludes
Keep Your Health Plan Under Overhaul? Probably Not, Gov't Analysis Concludes
By DAVID HOGBERG AND SEAN HIGGINS, INVESTOR'S BUSINESS DAILY Posted 06/11/2010 07:32 PM ET
Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.
Small firms will be even likelier to lose existing plans.
The "midrange estimate is that 66% of small employer plans and 45% of large employer plans will relinquish their grandfathered status by the end of 2013," according to the document.
In the worst-case scenario, 69% of employers — 80% of smaller firms — would lose that status, exposing them to far more provisions under the new health law.
The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare's regulations would have on existing, or "grandfathered," employer-based health care plans.
Draft copies of the document were reportedly leaked to House Republicans during the week and began circulating Friday morning. Rep. Bill Posey, R-Fla., posted it on his Web site Friday afternoon.
"It's been passed around the staffs here on Capitol Hill. Congressman Posey thought it was important enough to share," said spokesman George Cecala.
In a statement, Posey said the document showed that the arguments in favor of ObamaCare were a "bait and switch."
"The president promised repeatedly that people who like their current plans can keep them, but now the details of their plan actually confirm what many suspected all along, most Americans will lose their current health care plan," Posey said.
A White House official told IBD: "This is a draft document, and we will be releasing the final regulation when it is complete. The president made a promise to the American people that if they liked their health care plan, they can keep it. The regulation, when finalized, will uphold that promise."
However, the source conceded: "It is difficult to predict how plans and employers will behave in the coming years, but if plans make changes that negatively impact consumers, then they will lose their grandfather status."
It's unclear how the document leaked out. An HHS spokeswoman confirmed that the department was working on a draft paper about grandfathered plans but said it hasn't been made public yet.
A House Republican staffer said the rumor was that the document had been erroneously posted on the Office of Management and Budget Web site earlier in the week and somebody spotted it before it was taken down. IBD has not been able to confirm this report.
Under the new health law, current employer-based health plans will be grandfathered — that is, they will not have to follow many Obama-Care provisions that take effect on Jan. 1, 2014. These include benefit mandates, caps on out-of-pocket expenses and limits on age-based premiums.
But they forfeit that grandfathered status if they make changes to the plans by 2014. If so, firms may have to adopt new plans or drop coverage and pay the penalty.
No Longer A Grandfather
But the term "grandfathered" is loosely defined by the new law; specifics have been left up to the bureaucracies. One key question is, how much flexibility would employers have in changing their coverage before it is no longer considered grandfathered?
Under the regulations in the document, a plan is no longer considered to be grandfathered if:
• It eliminates benefits related to diagnosis or treatment of a particular condition.
• It increases the percentage of a cost-sharing requirement (such as co-insurance) above its level as of March 23, 2010.
• It increases the fixed amount of cost-sharing such as deductibles or out-of-pocket limits by a total percentage measured from March 23, 2010, that is more than the sum of medical inflation plus 15 percentage points.
• It increases co-payments from March 23, 2010, by an amount that is the greater of: medical inflation plus 15 percentage points or medical inflation plus $5.
• The employer's share of the premium decreases more than 5 percentage points below what the share was on March 23, 2010.
Analyzing data on employer-provided plans from 2008 and 2009, the report stated: "Many employers who made changes between 2008 and 2009 that would have caused them to relinquish grandfather status did so based on exceeding one of the cost-sharing limits."
In total, 66% of small businesses and 47% of large businesses made a change in their health care plans last year that would have forfeited their grandfathered status.
"These rules will ensure that up to 69% of employees — and 80% of workers in small business — will lose their current plan within three years," said Rep. Phil Gingrey, R-Ga., a physician. "The reality is this: 58% of Americans want ObamaCare repealed because they fear they will lose their health care — and even their jobs — once this law is fully implemented."
By DAVID HOGBERG AND SEAN HIGGINS, INVESTOR'S BUSINESS DAILY Posted 06/11/2010 07:32 PM ET
Internal administration documents reveal that up to 51% of employers may have to relinquish their current health care coverage because of ObamaCare.
Small firms will be even likelier to lose existing plans.
The "midrange estimate is that 66% of small employer plans and 45% of large employer plans will relinquish their grandfathered status by the end of 2013," according to the document.
In the worst-case scenario, 69% of employers — 80% of smaller firms — would lose that status, exposing them to far more provisions under the new health law.
The 83-page document, a joint project of the departments of Health and Human Services, Labor and the IRS, examines the effects that ObamaCare's regulations would have on existing, or "grandfathered," employer-based health care plans.
Draft copies of the document were reportedly leaked to House Republicans during the week and began circulating Friday morning. Rep. Bill Posey, R-Fla., posted it on his Web site Friday afternoon.
"It's been passed around the staffs here on Capitol Hill. Congressman Posey thought it was important enough to share," said spokesman George Cecala.
In a statement, Posey said the document showed that the arguments in favor of ObamaCare were a "bait and switch."
"The president promised repeatedly that people who like their current plans can keep them, but now the details of their plan actually confirm what many suspected all along, most Americans will lose their current health care plan," Posey said.
A White House official told IBD: "This is a draft document, and we will be releasing the final regulation when it is complete. The president made a promise to the American people that if they liked their health care plan, they can keep it. The regulation, when finalized, will uphold that promise."
However, the source conceded: "It is difficult to predict how plans and employers will behave in the coming years, but if plans make changes that negatively impact consumers, then they will lose their grandfather status."
It's unclear how the document leaked out. An HHS spokeswoman confirmed that the department was working on a draft paper about grandfathered plans but said it hasn't been made public yet.
A House Republican staffer said the rumor was that the document had been erroneously posted on the Office of Management and Budget Web site earlier in the week and somebody spotted it before it was taken down. IBD has not been able to confirm this report.
Under the new health law, current employer-based health plans will be grandfathered — that is, they will not have to follow many Obama-Care provisions that take effect on Jan. 1, 2014. These include benefit mandates, caps on out-of-pocket expenses and limits on age-based premiums.
But they forfeit that grandfathered status if they make changes to the plans by 2014. If so, firms may have to adopt new plans or drop coverage and pay the penalty.
No Longer A Grandfather
But the term "grandfathered" is loosely defined by the new law; specifics have been left up to the bureaucracies. One key question is, how much flexibility would employers have in changing their coverage before it is no longer considered grandfathered?
Under the regulations in the document, a plan is no longer considered to be grandfathered if:
• It eliminates benefits related to diagnosis or treatment of a particular condition.
• It increases the percentage of a cost-sharing requirement (such as co-insurance) above its level as of March 23, 2010.
• It increases the fixed amount of cost-sharing such as deductibles or out-of-pocket limits by a total percentage measured from March 23, 2010, that is more than the sum of medical inflation plus 15 percentage points.
• It increases co-payments from March 23, 2010, by an amount that is the greater of: medical inflation plus 15 percentage points or medical inflation plus $5.
• The employer's share of the premium decreases more than 5 percentage points below what the share was on March 23, 2010.
Analyzing data on employer-provided plans from 2008 and 2009, the report stated: "Many employers who made changes between 2008 and 2009 that would have caused them to relinquish grandfather status did so based on exceeding one of the cost-sharing limits."
In total, 66% of small businesses and 47% of large businesses made a change in their health care plans last year that would have forfeited their grandfathered status.
"These rules will ensure that up to 69% of employees — and 80% of workers in small business — will lose their current plan within three years," said Rep. Phil Gingrey, R-Ga., a physician. "The reality is this: 58% of Americans want ObamaCare repealed because they fear they will lose their health care — and even their jobs — once this law is fully implemented."
Why I didn't vote for Obama - Reason #2
“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”
http://www.youtube.com/watch?v=HlTxGHn4sH4
Unacceptable.
http://www.youtube.com/watch?v=HlTxGHn4sH4
Unacceptable.
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