Monday, April 22, 2013

More ObamaTax wage cuts

We've mentioned how the ObamaTax has adversely affected college faculty by forcing incentivizing institutions to reduce hours to avoid health insurance fines taxes.

FoIB Holly R reports that this trend is, in fact, picking up steam:

"Maricopa Community Colleges are cutting 1,300 temporary workers back to less than 25 hours a week"

Even though the relevant portion of the ObamaTax doesn't take effect until 2014, the government plans to use a "one year lookback" provision (similar to COBRA compliance determination) to see if any fines taxes will be due.

And the train-wreck keeps on rollin'.

No comments:

Post a Comment