In this economy, with record high unemployment, you would think the Administration would have known better than to push through cripping tax hikes as part of Obamacare. You know, the very type of tax cuts that will kill even more jobs. But no, apparently not. So what is Obamacare going to cost companies?
Caterpillar has already said it would cost it over $100 million, and now AT&T has revealed it will "book $1 billion in first-quarter costs related to the health-care law signed this week by President Barack Obama". $1 billion. In the first quarter alone. In fact, as the Wall Street Journal reports, job creators everywhere are going to suffer:
Hope and change indeed.
(Via State Policy Blog)