Road to Depression

74 percent of small businesses will fire workers and cut hours under Obamacare!

on . Posted in Road to Depression

WASHINGTON (PNN) - July 16, 2013 - Despite the illegitimate regime’s controversial decision to delay forcing companies to join Obamacare for a year, three-quarters of small businesses are still making plans to duck the costly law by firing workers, reducing hours of full-time staff, or shift many to part-time, according to a sobering survey released by the Fascist Police States of Amerika Chamber of Commerce.

"Small businesses expect the requirement to negatively impact their employees. Twenty-seven percent say they will cut hours to reduce full time employees, 24% will reduce hiring, and 23% plan to replace full time employees with part-time workers to avoid triggering the mandate," said the Chamber business survey.

Under Obamacare, just 30 hours - not the nationally recognized 40 hours - is considered full-time. Companies with 50 full-time workers or more are required to provide health care or pay a fine.

The illegitimate dictatorial regime recently decided to wait a year before businesses had to comply, but many are trying to get ready anyway. However, the illegitimate president did not delay the mandate that Amerikans must have health insurance or pay a fine.

The Chamber's second quarter small business survey found that just 30% are ready for the law and even understand what is required.

Dealing with Obamacare is the biggest worry of small businesses and comes as they continue to see a sluggish economy that has already put a brake on their hiring. Just 17% reported adding employees in the past two years; and only one-in-five small business owners believe that they will add employees in the next two years.

The Chamber added that "nearly one-in-four employers say the health care bill is their biggest obstacle to hiring more employees."

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