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Feb 11 2015

Shipping Potentially Crippled by ObamaCare Tax

The economic damage that ObamaCare will inflict is incalculable, will strike every corner of society, and will continue to unfold for years to come. For example:

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.

As with all things related to ObamaCare, the price tag for this strike will be high.

The longshoremen last went on strike in 2002, causing a shutdown of West Coast ports that cost the economy more than $2 billion a day in lost output.

Shipping isn’t the only area where confiscatory ObamaCare taxes will wreak havoc.

“This will come up in just about every contract negotiation out there,” J.D. Piro, a health-benefits consultant, told Bloomberg News. “Every employer is going to be calculating when and if they hit the threshold and how they’re going to pay for this.”

The full ramifications of the new “Cadillac” health care tax won’t be felt until 2018, two years after the next presidential election. Obamacare was constructed in a deliberate manner, front-loading the “benefits” of the law and pushing implementation of its “costs” far into the future, usually after critical elections.

Likewise, the full effects of the massive debt Obama has run up, which already has surpassed a staggering $18 trillion, will not be felt until he is safely out of office, like an arsonist who prepares a fuse so that others but not himself will be caught inside the conflagration he creates.

obama my work here is done
After he has finally left office.

On a tip from Wiggins.




12 Responses to “Shipping Potentially Crippled by ObamaCare Tax”

  1. Dan Northrup says:

    I work in a business that sees containers coming in from Asia daily. The Longshoremen have been pulling this crap forever. Every few years they shut the port down until the carriers pay the ransom (which they pass on to us consumers). It can really cost us big money and leave us empty handed if we operate JIT. They only care about themselves and their tit six figure job working a crane. Unions could care less if a million local businesses lose their shirt. I could care less for those aholes.

  2. Dan Northrup says:

    I work in a business that sees containers coming in from Asia daily. The Longshoremen have been pulling this crap forever. Every few years they shut the port down until the carriers pay the ransom (which they pass on to us consumers). It can really cost us big money and leave us empty handed if we operate JIT. They only care about themselves and their tit six figure job working a crane. Unions could care less if a million local businesses lose their shirt. I could care less for those aholes.

  3. o0Nighthawk0o says:

    We are also seeing the effects of this ‘Cadillac tax’ on the oil industry. they are threatening strikes as well for the same reasons.

    I have already felt it myself as my non union job had a great healthcare plan but was changed this year as a direct result of the Cadillac tax. Now I pay more for my insurance and a lot more out of pocket with deductibles and co pays. We did get raises to offset the extra costs. My pay went up about $3.50 an hour but I still bring home $66 less a payday than I did before.

  4. o0Nighthawk0o says:

    We are also seeing the effects of this ‘Cadillac tax’ on the oil industry. they are threatening strikes as well for the same reasons.

    I have already felt it myself as my non union job had a great healthcare plan but was changed this year as a direct result of the Cadillac tax. Now I pay more for my insurance and a lot more out of pocket with deductibles and co pays. We did get raises to offset the extra costs. My pay went up about $3.50 an hour but I still bring home $66 less a payday than I did before.

  5. WMD says:

    And lest we forget, the cadillac tax doesn’t apply to the boy king hussein.

  6. WMD says:

    And lest we forget, the cadillac tax doesn’t apply to the boy king hussein.

  7. Joe Joe says:

    So even if employers want to give really great insurance to deserving employees, they can’t because the government will take almost half the amount in taxes.

    Just remember: not a single Republican vote put through this abomination. It’s the Democrats who are destroying the health insurance system.

  8. Joe Joe says:

    So even if employers want to give really great insurance to deserving employees, they can’t because the government will take almost half the amount in taxes.

    Just remember: not a single Republican vote put through this abomination. It’s the Democrats who are destroying the health insurance system.

  9. Callawyn says:

    That 40% tax is specifically designed to hit ALL of us eventually, forcing us out of our employer based plans and into an Obamacare plan.

    They did this by intentionally pegging the annual increase in the value of a plan deemed “too generous” to specific measures of inflation that are a mere fraction of what the actual inflation rate is of insurance policy premiums. So, your policy might not be “too generous” this year, but it WILL be sometime down the road.

  10. Callawyn says:

    That 40% tax is specifically designed to hit ALL of us eventually, forcing us out of our employer based plans and into an Obamacare plan.

    They did this by intentionally pegging the annual increase in the value of a plan deemed “too generous” to specific measures of inflation that are a mere fraction of what the actual inflation rate is of insurance policy premiums. So, your policy might not be “too generous” this year, but it WILL be sometime down the road.

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