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ATR’s @MDuppler explains why the IRS’ actions were more than just a “mistake” on @DailyRundown: http://t.co/jJhxG3FmnN
May 23, 2013 05:01 PM
taxreformer -
House Approves Keystone Again http://t.co/BEoBEG9lhe
May 23, 2013 02:31 PM
taxreformer -
“States are using fuzzy numbers to talk about how much they could collect from remote sales”: http://t.co/0EccRdHJT9 #NoNetTax
May 23, 2013 02:30 PM
taxreformer -
Best and worst states for economic outlook in the @ALEC_States “Rich States, Poor States” report: http://t.co/2tTAgSabuD #rsps
May 23, 2013 02:01 PM
taxreformer -
Do we really want state revenue departments with authority as limitless as the Internet?: http://t.co/gEmygwW0CU #NoNetTax
May 23, 2013 01:31 PM
taxreformer -
If the IRS scandal “was a mistake, what are the institutional problems that led to that?” -@MDuppler: http://t.co/jJhxG3FmnN
May 23, 2013 01:01 PM
taxreformer -
New @ALEC_States report predicts population migration to low-tax states: http://t.co/2tTAgSabuD #rsps
May 23, 2013 12:30 PM
taxreformer -
Check out @ALEC_States’ newest edition of “Rich States, Poor States” and see where your state ranks for 2013: http://t.co/2tTAgSabuD #rsps
May 23, 2013 11:30 AM
taxreformer -
On @DailyRundown, ATR’s @MDuppler links the IRS scandal to the public’s skepticism of government: http://t.co/jJhxG3FmnN
May 23, 2013 11:02 AM
taxreformer -
ATR urges @LonnieHosey, @GarySimrill, @Leonstav, and @Harry_Ott to reject tax hikes on e-cigs: http://t.co/uZahYOqg6W
May 22, 2013 01:20 PM
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Obamacare's Pizza Tax: Taxing an Even Larger Slice
Papa John's founder caused a stir this week with his comment that the Obamacare law would cause a "hike in pizza prices." Stirring thing is...he's right.
Papa John's founder John Schnatter caused a stir this week with his comment that the Obamacare law would cause a "hike in pizza prices." The most stirring thing about John Schnatter's statement is...that it's true. As a result of Obamacare employers such as John Schnatter will be forced to change their workforce strategy, which means increasing the costs of products offered to consumers as well as layoffs.
In a study recently released by Mercer, analysts surveyed 1,203 employers, 60% of which were preparing for an increase in cost as a direct result of Obamacare. Of employers hit the hardest by Obamacare, Mercer found the effects would primarily hit retail and hospitality employers who employ "the most part-time and low-paid employees."
To exemplify the effects Obamacare will have on employers:
- Beginning in 2014 employers will be required to extend coverage to all employees working 30+ hours per week or face possible penalties.
- A fourth of all survey respondents said they will have to take action to avoid...penalties.
- Retail/ wholesale employers...are more inclined to change their workforce strategy.
The Cost of Obamacare is not reserved to retail and hospitality:
| Retail and Hospitality | 46% |
| Health Care Services | 40% |
| Manufacturing | 33% |
| Financial Services | 32% |
| Transportation/ Communication/ Utility | 31% |
| Other Services | 29% |
| Government | 24% |
If legislative action is not taken, the effects of Obamacare will be widespread, hurting employers and potentially costing part-time and low-wage employees their jobs.
