just wondering? they say if they get a 1 percent increase in taxes that they are going to have to lay off half their workforce... what about a 10 percent increase in health care costs? I've seen several of those in the past 10 years? or do they even offer insurance?
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Some may. Some have claimed multi million, even billion dollar "write downs," These "write downs" are a result of increases in taxes on companies that offer prescription drug benefits to their retirees instead of forcing them into Medicare. The "write downs" are required by the SEC; companies must restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. As the health care law greatly increases their tax burden, the write down is required by law. But Henry Waxman will haul the CEOs of these companies in for a hearing because their judgment "appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs." http://online.wsj.com/article/SB10001424…
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