29 October 2009

BEWARE SanFranNan's 1900+ page Frankenstein

Cornell Law Prof. William Jacobson said at Le.gal In.sur.rec.tion it only took him "minutes" to find "profound stupidity" in the House version of ObamaCare:
This provision creates incentives for businesses to keep down payroll. One way would be not to hire anyone whose compensation would fall under the definition of payroll under the bill.
In other words, outsource whatever you can. Hire a software engineer in India, or ship manufacturing to China, or structure your business in such a way that you send 1099s not W-2s to the people who work for you...
The message of the bill is that whatever you do, if you want to grow your business without paying the health care tax, do not add employees.
Obama does not understand these provisions. Obama gave a speech this morning in which he stated that these provisions are directed at small businesses operating on thin margins. But these provisions have nothing to do with profit margins. This is a wage-based tax.
Obama does not understand the difference between profit margins and wages. This is exactly what you would expect from someone who always has been on the receiving end of wages, and never had to meet a payroll...
Read more -here-
Smitty at The Other McCain thinks CA-8 would be better off just electing Sean Penn to Pelosi's House seat -here-. I was thinking more along the lines of a Gilbert Gottfried myself... he's less annoying than listening to that Bolshevik bonehead.