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Papa Johns laying off workers and reducing hours.

  • Mr.Stache said...

    Don't forget the part where it would be cheaper for large companies to pay the penalty rather than provide insurance. 2000+ whatever tax credit doesn't add up to what most pay per employee.

    Most firms will still want to offer coverage though to be able to hire top talent. Healthcare can still be a bargaining chip.

    The penalty is stiffest for 30 to 50 sized firms.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    Really?

    Oh, you are talking about a tax credit that might be available in 2014. It may be available to a minimal number of small businesses or it may not.

    As of NOW, the overwhelming majority of small businesses will never see a tax credit. In fact, the overwhelming majority of small businesses with choose the government option for their employees because it will be cheaper than the alternative.

    To qualify this statement, I am talking about small businesses with less than 50 employees who currently provide healthcare insurance.

    Jagstyle

  • sullkev said...

    Oh, you are talking about a tax credit that might be available in 2014. It may be available to a minimal number of small businesses or it may not.

    As of NOW, the overwhelming majority of small businesses will never see a tax credit. In fact, the overwhelming majority of small businesses with choose the government option for their employees because it will be cheaper than the alternative.

    To qualify this statement, I am talking about small businesses with less than 50 employees who currently provide healthcare insurance.

    The tax credit has been available since 2010 (at a lower rate the 2014 and beyond rate). It is on a sliding wage and size scale.

    There is no government option. If they are under thirty, they aren't penalized. If they aren't required, people get PRIVATE insurance

    Look at Sf2k's company. They'd get the tax credit.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Maybe it's because their pizza sucks and people finally figured it out.

    y2kMgrad

  • CMXI said...

    So, have you read any part of the ACA?

    Not really, but if we elect congress to do a job shouldn't they. Its their job. Why pass a bill you haven't read. Of course I'm SURE you read the whole bill & completely agree with it 100%. If not please tell me what part of the 2000 page bill you disagree with. I mean since you read the entire bill.

    lestat

  • You should talk to an accountant who has small business clients.

    Here is an excerpt from the current tax law... "Employers that have less than 25 employees and MUST pay at least 50% of the employees health insurance premiums.
    You are not allowed to included premiums of the owners or employees who are relatives of the owners in this credit.
    The average wage for the employees that do qualify, must be less than $25,000 per year to get full 35% tax credit and you lose entire credit if average wages are greater than $50,000 per year."

    If you think this favors small business, than good luck with that.

    Jagstyle

  • sullkev said...

    You should talk to an accountant who has small business clients.

    Here is an excerpt from the current tax law... "Employers that have less than 25 employees and MUST pay at least 50% of the employees health insurance premiums.
    You are not allowed to included premiums of the owners or employees who are relatives of the owners in this credit.
    The average wage for the employees that do qualify, must be less than $25,000 per year to get full 35% tax credit and you lose entire credit if average wages are greater than $50,000 per year."

    If you think this favors small business, than good luck with that.

    Sorry, but you're wrong.

    It's not less than $25,000.

    There are still 4 million elligible businesses according to the IRS.

    This post was edited by BamaLivesFootba on 11/16/2012 at 9:25 PM

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Mr.Stache said...

    Let me ask you a simple question and I'd like an honest answer. Since you're fairly independent, an average employer pays around 6000.00 per employer In health insurance costs. My company pays roughly 60% of our health costs so 6k is about right. The government has made alaw saying that if they don't cover an employers health care cost they are subject to a 2000.00 penalty. If your a buisness and want to maximize profits, what's the company going to do? This isn't about the bill causing job growth problems. It's more about companies doing away with it all together and everyone eventually having no choice but to get on a governement plan. This bill isnt going to reduce costs. Thats absurd. This is Obama's and liberal hopes. One step closer to their ultimate goal.

    ^^^^^
    Under-rated post.

    signature image

    ftlaudcock ●

  • bhiley77 said...

    I commend you for even bothering still. It's clear that our friends in this thread feel any disadvantages or unintended consequences of obamacare or any other part of their ideology are lies made up by talk radio and/or Bush's fault.

    Or maybe republicans are just butthurt because they lost another election.

    y2kMgrad

  • y2kMgrad said...

    Or maybe republicans are just butthurt because they lost another election.

    ^^^^^
    Rapist wit.

    signature image

    ftlaudcock ●

  • BamaLivesFootba said...

    Sorry, but you're wrong.

    I wish I was

    Jagstyle

  • sullkev said...

    I wish I was

    I edite my post. Sorry. I'm multitasking. Didn't fully get it out at once.

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • bhiley77 said...

    I'm an independent who can point out gigantic flaws in both parties. Keep on sucking dicks though.

    right

    y2kMgrad

  • y2kMgrad said...

    Or maybe republicans are just butthurt because they lost another election.

    You think we wouldn't be talking about how terrible Obamacare is if Mitt had been elected?

    signature image signature image signature image

    DrStache ●

  • Mr.Stache said...

    You think we wouldn't be talking about how terrible Obamacare is if Mitt had been elected?

    You'd be talking about repealing it. Tat's not going to happen now, so you'd better do your part and order some crappy pizzas.lol

    y2kMgrad

  • BamaLivesFootba said...

    Sorry, but you're wrong.

    It's not less than $25,000.

    There are still 4 million elligible businesses according to the IRS.

    Link that says less than 25k is wrong

    Jagstyle

  • sullkev said...

    Link that says less than 25k is wrong

    I apologize. I misread what you said. I read is as wage per, not average wages. Nevertheless, we are dealing with small firms that don't have to (unless they are over the penalty size limit), but can. So like Sk2k's work could qualify for a partial credit. They are still getting a tax credit and that is saving them money. I'm just trying to rebutt the "job-killing" myth. Most small businesses are very small. They eithe go individual or are given PARTIAL assistance. For the bigger firms, they already provide healthcare anyways, so they just have to abide by the rules (yes numerous, but I've already stated my reservations for portions of the law). So the firms that get squeezed are the small number of higher-level small to medium sized firms that are usually low-wage, low-margin outfits like resturants and grocery stores.

    This post was edited by BamaLivesFootba on 11/16/2012 at 11:09 PM

    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Didn't read the entire thread to see if it was brought up, but Obamacare doesn't take place til next year, so these layoffs have nothing to do with that. Probably has more to do with the $250 million lawsuit Papa John's just loss.

    shrug

    BetterOff ●

  • If you aspire to be a career pizza delivery boy then you have bigger problems than healthcare benefits.

    VTSmitty ●

  • Mr.Stache said...

    Let me ask you a simple question and I'd like an honest answer. Since you're fairly independent, an average employer pays around 6000.00 per employer In health insurance costs. My company pays roughly 60% of our health costs so 6k is about right. The government has made alaw saying that if they don't cover an employers health care cost they are subject to a 2000.00 penalty. If your a buisness and want to maximize profits, what's the company going to do? This isn't about the bill causing job growth problems. It's more about companies doing away with it all together and everyone eventually having no choice but to get on a governement plan. This bill isnt going to reduce costs. Thats absurd. This is Obama's and liberal hopes. One step closer to their ultimate goal.

    Lets be real. If this particular company wanted to maximize profits like that, wouldn't they already have cut out employee health costs? Only difference now is the penalty for doing so.

    You guys are so intent on making ish up that any real criticism of the law gets drowned out.

    ReasonableDoubt

  • 1. I don't like Obama.
    2. I don't like Obamacare.
    3. I thought it would be terrible for our economy.
    4. It's disgusting that so many of you are taking JOY into the fact that it is terrible for our economy. Really weird. It's as if being right is better than what is best. Losers.

    signature image

    "As far as the downvotes. It's a gnat biting an lion" -- A member of tRCMB Justice League, taking the internet WAY WAY too seriously.

    Rocket_Play ●

  • Rocket_Play said...

    It's disgusting that so many of you are taking JOY into the fact that it is terrible for our economy. Really weird. It's as if being right is better than what is best. Losers.

    Welcome to team-sport politics, where your side winning is better than the country healing! 4 years of obstructionism in Obama's first term, and no sign of it slowing up anytime soon!

    signature image signature image signature image

    CMXI ●

  • Rocket_Play said...

    1. I don't like Obama.
    2. I don't like Obamacare.
    3. I thought it would be terrible for our economy.
    4. It's disgusting that so many of you are taking JOY into the fact that it is terrible for our economy. Really weird. It's as if being right is better than what is best. Losers.

    Lots of good arguments and facts to support the arguments in this post.

    Thanks for your contribution

    signature image signature image signature image

    shortcbaseballa ●

  • CMXI said...

    Welcome to team-sport politics, where your side winning is better than the country healing! 4 years of obstructionism in Obama's first term, and no sign of it slowing up anytime soon!

    So, you are somehow including the first 2 years of his term into that statement?

    xxmgobluexx ●

  • Wow 12 pages about some crappy pizza....

    Y'all must really love pizza

    This post was edited by kitemac on 11/17/2012 at 10:08 AM

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    kitemac ●

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