{"id":55,"date":"2012-07-09T22:19:15","date_gmt":"2012-07-09T22:19:15","guid":{"rendered":"http:\/\/www.wallstreetandkstreet.com\/?p=55"},"modified":"2012-08-22T18:43:54","modified_gmt":"2012-08-22T18:43:54","slug":"over-the-limit-how-romney-should-tie-obamacare-to-high-unemployment","status":"publish","type":"post","link":"https:\/\/www.wallstreetandkstreet.com\/?p=55","title":{"rendered":"Over the Limit: How Romney Should Tie Obamacare to High Unemployment"},"content":{"rendered":"<p>The political genius in Obamacare is that it is such an immense and immensely complex piece of legislation that no one knows what\u2019s in it.\u00a0 Nancy Pelosi notoriously said, \u201cSo we have to pass the bill so you can find out what is in it.\u201d\u00a0 But only a few stalwart specialists in the media and pundocracy, including Betsy McCaughey, Cato\u2019s Michael Cannon, and the WSJ\u2019s Joseph Rago, have invested the hundreds of hours needed to comprehend Obamacare\u2019s infinite intricacies and baffling befuddlements (which have been further multiplied by the Supreme Court ruling).\u00a0 After a cross-country tour <strong>Time Magazine<\/strong>\u2019s Joe Klein, a friend of the law, claimed only 2% of the American public knows what is in the law; he should move the decimal point two or three places to the left.<\/p>\n<p>It\u2019s tough for Romney to attack this faceless legislative blob.\u00a0 He needs something specific to aim at \u2013 something that <strong>specifically and simply illustrates how Obamacare kills jobs<\/strong>.\u00a0 He needs a factoid that substantiates, amplifies and illustrates the phrase \u201cjob-killing Obamacare.\u201d<\/p>\n<p>Here it is: Obamacare imposes heavy fines on companies that go \u201cover the limit.\u201d\u00a0 What limit?\u00a0 The limit of 50 employees.\u00a0 Under the law, if a company does not provide insurance to its workers and has more than 50 employees, it must pay a fine of $2000 per employee for the number of full-time employees less 30.\u00a0 So if Acme Corp. has 48 employees, it need not provide insurance.\u00a0 But if it makes the mistake of hiring another 3 workers and still does not provide insurance, it must pay a tax of $42,000 [$2000 X (51-30)]. It gets worse, and far far more complex, but the whole point is to keep it simple.<\/p>\n<p>Mitt Romney is very smart and has the right instincts on the issue, but he needs to put some meat on the bones of \u201cjob-killing Obamacare.\u201d\u00a0 This is the way to do it.\u00a0 Employers pay a big fine if they go \u201cover the limit\u201d and hire too many employees.\u00a0 No wonder job growth is so anemic.<\/p>\n<p>(The \u201cOver the Limit Syndrome\u201d is finally receiving the attention it deserves, a year and a half after we started to highlight it in\u00a0research reports.\u00a0 Senator John Kyle mentioned in on Larry Kudlow\u2019s show a week ago, and Mort Zuckerman mentioned it on ABC\u2019s This Week show on Sunday.)<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The political genius in Obamacare is that it is such an immense and immensely complex piece of legislation that no one knows what\u2019s in it.\u00a0 Nancy Pelosi notoriously said, \u201cSo we have to pass the bill so you can find &hellip; <a href=\"https:\/\/www.wallstreetandkstreet.com\/?p=55\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14,4,18],"class_list":["post-55","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-obamacare","tag-romney","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=\/wp\/v2\/posts\/55","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55"}],"version-history":[{"count":3,"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=\/wp\/v2\/posts\/55\/revisions"}],"predecessor-version":[{"id":113,"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=\/wp\/v2\/posts\/55\/revisions\/113"}],"wp:attachment":[{"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wallstreetandkstreet.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}