Wednesday, November 27, 2013


Middletown, New Jersey's township cuts the hours of 25 employees to save $500,000 the town would have incurred to comply with Obamacare.  So not only do employees lose health insurance, they are losing income. Under Obamacare, if an employee works less than 30 hours a week, he or she is considered part-time and the employer does not need to comply with the costly implementation of the Affordable Care Act (which is neither affordable or caring for most but is definitely an act).  

In addition, Middletown's school district cut the hours of 178 of it's part-time employees to avoid having to comply with Obamacare. The hours were cut from 30 to 26-29.5 per week equating to a 1.6-13.3 percent pay cut.  I don't know what the part-time employees make per hour in Middletown but a pay cut of $15-$40 per week for some is significant if they are already struggling.

This is only the beginning. We are going to keep hearing these stories all through 2014 as companies find out that it is too expensive to comply with the new law and are forced to cut employee hours. We are going to become a nation of part-time workers working multiple jobs to survive.  For workers getting hours slashed from 40 to 29.5 means a reduction in pay of 26% or more. See links below for more stories.

Should we feel bad for the people who voted for Obama?      


Monday, November 11, 2013


What you may not know about the ACA (Affordable Care Act) or Obamacare is:

1. If you sell your house (permanent residence may have an allowable gain before the tax kicks in) and make a profit, you could be paying 3.8% tax on the gain? This tax also applies to sales of small businesses, stocks, bonds was effective 1/1/2013.

2. If you drive a Cadillac, live in a mansion, but have little non-retirement account income, you can qualify for Medicaid. Why you don't want to be a Medicaid? Many doctors will refuse to take additional patients on Medicaid because reimbursement is low so and with the huge influx good luck. Many people could fall into this category if they retire early. Statistic: surgery patients with Medicaid face a higher risk of dying than patients with no insurance at all. 

3. Taxpayers who earn $200,000, or $250,000 per couple will be paying with higher Medicare Part A payroll taxes and a new 3.8 percent tax on