Posted on 02/10/2015 3:38:11 PM PST by Rusty0604
Obamacare imposes a 40 percent tax on health benefits deemed too generous by the government. Health benefits exceeding $10,200 a year in value for individuals or $27,500 for families are defined as Cadillac plans and are subject to the tax. Health benefits for longshoremen exceed $40,000 per employee, meaning the union would be served an enormous tax bill when the penalty is imposed in 2018.
The longshoremens contract expired in July, 2014 and contract talks have stalled, in large part, over whether workers or employers will pay the new Obamacare tax. The longshoremen are the first union to negotiate a contract that would extend beyond the time the tax is first imposed. The full ramifications of the new Cadillac health care tax wont be felt until 2018, two years after the next presidential election. Obamacare was constructed in a deliberate manner, front-loading the benefits of the law and pushing implementation of its costs far into the future, usually after critical elections.
The emerging debate over the new Cadillac tax is likely to spark numerous unintended consequences.
The longshoremen last went on strike in 2002, causing a shutdown of West Coast ports that cost the economy more than $2 billion a day in lost output. The strike ended when the Bush Administration went to court, reopening the ports under the Taft-Hartley Act.
The current impasse over the Obamacare tax overwhelms all other items under negotiation between the union and port management. Current health benefits for employees and their families already cost ports $1.6 million a day. If employers have to absorb the higher costs of the tax, there will be less flexibility for other parts of the contract.
(Excerpt) Read more at breitbart.com ...
Just the beginning
Wait - they supported obama and obamacare!
But we were told it would prevent people from dying in the streets. Free healthcare for all .....
I worked for a public employee union before and during obamacare. The unions are the ones that had that tax pushed back to 2018; they figured most policies would be that much by then or it would be dropped, and if not, since they were gov’t employees, the taxpayers would have to foot the bill.
The reason they wanted nationalized healthcare to begin with is it would mean more gov’t workers and therefore more union members.
We have to pass the bill to see what’s in it.
The negotiations and slow downs have been dragging on for some time. Businesses are laying off or shutting down as they can not get their products out or imports in.
In past times, administrations would have brought in a mandated negotiator long ago.
This administration is so incompetent - more likely indifferent - that they’ve done nothing other than to let the dispute fester so the ill effects of ObamaCare on businesses is not publicized.
“”that theyve done nothing other than to let the dispute fester so the ill effects of ObamaCare on businesses is not publicized.””
Good point.
Hard to feel sorry for that union bunch. But it will be fun to see what happens to this country when the goodies from China stop coming in.
Maybe time to stock up a bit?
That F*N social worker told me we have to pay premiums now for my F*N doctor! WTF the M*Fn sh*T she says it's the 'bamacare? I ain't never paid no F*N coin for no F*N doctor, F* that and F* that white bit*h, I told-er I ain't paying no f*n premium, she full of sh*T....
Obamacare was partly written to increase tax revenues to the ravenous federal govt beast...
If an employer pays Jane a $40,000 salary and a medical insurance package worth $40,000 in compensation, the federal govt only gets payroll taxes from the employer on the $40,000 salary and Jane only pays income taxes on the $40,000 salary.... the $40,000 in medical benefits doesn’t give the govt anything.
If that same employer is suddenly facing a crushing tax on the $40,000 in medical benefits, then it makes more sense for employer to pay Jane $70,000 in salary and $10,000 in medical benefits to escape the penalty. Although, realistically she would only be paid $65,000 now because the employer has to pay extra payroll taxes for her. She is now claiming the $65,000 on her return so her tax bill goes up significantly.
This was done intentionally to increase federal revenue from businesses and working taxpayers while forcing those working families to suffer rotten medical insurance which will make it “more fair” compared to those not working.
Pure evil.
I think health insurance was invented because there were wage freezes and it was used to attract talented and skilled employees, usually higher management positions.
Then of course the medical and pharma field saw the opportunity to make more money and all the peasants wanted equality.
So we went from Doctors that made their own professional decisions and charged a fee most could afford (a lot were charitable)to what we have now.
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