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Is this charge, is it a loss for the companies as they cant deduct it from taxes any longer? Correct?

So, this means it will cost a half million jobs??? Or more???

Not bad for a communist plan. Usually they kill alot more people when they implement their plans.

Is this charge, is it a loss for the companies as they can't deduct it from taxes any longer? Correct?

As far as I know - part of the Sarbanes-Oxley law. All companies have to report any changes that materially affect shreholder equity to the SEC [in an expeditious fashion].

They used to be able to deduct for prescription plans paid to retirees. Now they can't - so they have to take the charge now and will continue to do so in the future as long as they pay for those plans.

This directly dilutes shareholder equity so, presumably, at some time in the future - the companies will terminate the plans and the retirees will be stuck with getting prescriptions on their own ...