Friday, April 2, 2010
Health Care Cost To Business
Put this into perspective. A handful of US major corporations are saying the new Health Care Bill will cost them an added $14 Billion in costs. Wait until all businesses assess this new burden on business.
The Obama regime likes to talk in ten year terms. (Like some Stalinist 10 Year Plan.)
Try this on; Corporate America pays a 45% tax on profits. $14 Billion in new costs x 45% = $6.3 Billion in lost tax revenues. $6.3 Billion x ten yrs= $63 Billion
That's $63 Billion the Feds won't have to pay for their bloated budgets just from these few companies. That's what has Waxman's underware in a knot. The deficit will increase dollar for dollar. Make that $63 Billion for $63 Billion. And it isn't reflected in the Obama fairy tale projections.
Wait until the rest of commerce reports in at tax time next year. The CBO better sharpen their pencils. They got some more cipherin' to do.
If you are an investor---STRONG BUY RECOMMENDATION on companies that make RED INK.
Steve
The Obama regime likes to talk in ten year terms. (Like some Stalinist 10 Year Plan.)
Try this on; Corporate America pays a 45% tax on profits. $14 Billion in new costs x 45% = $6.3 Billion in lost tax revenues. $6.3 Billion x ten yrs= $63 Billion
That's $63 Billion the Feds won't have to pay for their bloated budgets just from these few companies. That's what has Waxman's underware in a knot. The deficit will increase dollar for dollar. Make that $63 Billion for $63 Billion. And it isn't reflected in the Obama fairy tale projections.
Wait until the rest of commerce reports in at tax time next year. The CBO better sharpen their pencils. They got some more cipherin' to do.
If you are an investor---STRONG BUY RECOMMENDATION on companies that make RED INK.
Steve
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.