[4Liberty]

Folks, folks - this is a REDUCTION IN A SUBSIDY, not a Tax Increase. Please, read these articles before you post. It is not a cut into AT&T, Caterpillar, and others’ net revenues. The Feds are taking BACK part of a HC SUBSIDY with this move.

My point is, we are bashing a reduction in Corporate welfare. Why would we do that, if we are fiscal conservatives? In this case, it is not a bad thing.

I hate socialized medicine, but - this particular change is not a tax increase, it is a SUBSIDY reduction!!!!!

We need to be careful what we criticize. Big businesses lobby too, for farm subsidies, bail outs. Let’s not automatically be “spun” by them.
Let’s keep everyone honest - and their hands out of the public till!

4L

[Wolfie]

Save your breath, they’re on a roll (and likely love welfare of the corporate variety anyway).

[jiggyboy]

I don’t think we’re bashing corporate welfare here. We’re calling out Waxman and Stupak for their thuggishness. A company does an assessment of how the new racket is going to affect their bottom line and makes it public per Sarbanes-Oxley, which immediately brings down the wrath of the posers in Congress. Damned if you do, damned if you don’t.

[javachip]

My point is, we are bashing a reduction in Corporate welfare. Why would we do that, if we are fiscal conservatives? In this case, it is not a bad thing.

Not exactly. The 'corporate welfare' is a subsidy for providing the company retirees with prescription coverage. The subsidy costs the gov't less than it would to carry those folks on the Medicare prescription plan. The gov't is picking up part of the tab for the companies providing a service that otherwise would be paid entirely out of Medicare.

Many of these companies will drop the retiree prescription plans as a result of this change, which will put those people into the Medicare system. Any company that eliminates its drug coverage as a result of this change represents an increase in the cost of Medicare along with an increase in out-of-pocket expenses for the retirees - an increase that isn't in the Obamacare CBO cost model.