Let the whining begin! Obamacare has finally caught up to a reliable Democratic
voting base. They thought it was the
other guy who was going to get screwed.
Now unions are facing a 40% Cadillac tax on premium health insurance plans. Breitbart.com reported the following:
The
slow-roll implementation of Obamacare threatens to close U.S. commercial ports
on the West Coast. The 29 ports, which handle 70 percent of maritime
imports from Asia, were closed over the weekend after months of contentious
contract negotiations. The ports reopened Monday,
but 20,000 longshoremen are still threatening to strike over a new Obamacare
tax.
Obamacare imposes
a 40 percent tax on health benefits deemed too generous by the
government. Health benefits exceeding $10,200 a year in value for individuals
or $27,500 for families are defined as “Cadillac” plans and are subject to the
tax. Health benefits for longshoremen exceed $40,000 per employee,
meaning the union would be served an enormous tax bill when the
penalty is imposed in 2018.
The
longshoremen’s contract expired in July, 2014 and contract talks have stalled,
in large part, over whether workers or employers will pay the new
Obamacare tax. The longshoremen are the first union to negotiate a
contract that would extend beyond the time the tax is first imposed.
We are still three years away from full
implementation of this health care monstrosity.
By that time, Barack Obama will be gone, and a majority of Democrats who
voted for this crap will have retired or forced out of office. In the meantime, we are stuck with a bad law.
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