If President Barack Obama wants to improve income inequality he could start by removing ObamaCare’s barriers to working more hours.
“The savings from restricting hours worked can be enormous,” explains the Wall Street Journal. “If a company with 50 employees hires a new worker for $12 an hour for 29 hours a week, there is no health insurance requirement. But suppose that worker moves to 30 hours a week. This triggers the $2,000 federal penalty. So to get 50 more hours of work a year from that employee, the extra cost to the employer rises to about $52 an hour – the $12 salary and the ObamaCare tax of what works out to be $40 an hour.”
Liberals thought themselves clever by dropping full-time status to 30 hours per week from the traditional 40. What they didn’t count on was…[more]
With another Republican governor reversing course and agreeing to expand Medicaid spending under ObamaCare, it’s becoming increasingly clear that the real reason for the capitulations isn’t a bad understanding of economics – it’s first-rate political opportunism.
On Monday, Ohio Republican Governor John Kasich announced he would accept the terms in the Patient Protection and Affordable Care Act (ObamaCare) to expand the eligibility rolls for Medicaid.
Those terms include replacing existing state-determined eligibility formulas with universal Medicaid…
"If foot-dragging were a competitive sport, President Obama and his administration would be world champions for their performance in delaying the approval of the Keystone XL pipeline. ... Last Friday afternoon, the time when officials make announcements they hope no one will notice, the State Department declared that it is putting off a decision on Keystone XL indefinitely — or at least, it…[more]