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11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
11/20/2024 - A few days ago, America’s war against Russia (and the Russian people as a whole) escalated t... Read More
11/19/2024 - Empires have now been replaced by hegemons, largely because nations no longer want to give the app... Read More
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View Full Tract ListI had heard on the mainstream news that the conflict between the longshoremen and the port authority that it was about “health care benefits.” But they failed to tell us exactly what the problem was.
It appears that to pay for Obamacare, the government is taxing those who receive the best benefits—such as the longshoremen. The dispute is over who will pay for this tax. Will it be taken out of the health benefit fund, thus decreasing their benefits? Or will the company itself pay the difference?
Obamacare imposes a 40 percent tax on health benefits deemed too generous by the government. Health benefits exceeding $10,200 a year in value for individuals or $27,500 for families are defined as “Cadillac” plans and are subject to the tax. Health benefits for longshoremen exceed $40,000 per employee, meaning the union would be served an enormous tax bill when the penalty is imposed in 2018.
The longshoremen’s contract expired in July, 2014 and contract talks have stalled, in large part, over whether workers or employers will pay the new Obamacare tax. The longshoremen are the first union to negotiate a contract that would extend beyond the time the tax is first imposed.
“This will come up in just about every contract negotiation out there,” J.D. Piro, a health-benefits consultant, told Bloomberg News. “Every employer is going to be calculating when and if they hit the threshold and how they’re going to pay for this.”
Who could have guessed that Obamacare could shut down the US economy and make everyone angry?
Oh, wait...
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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