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Is anyone NOT hiring because of health care reform and taxes?

  1. easyspeak profile image70
    easyspeakposted 8 years ago

    There was a report out yesterday that small businesses, which provide 2/3 of the jobs in the US, are reluctant to hire because they are nervous about how health care reform and taxes are going to affect their business.  So they're holding out on hiring until the new policies pass and the ripples are known.
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    Are there any businesses you know or are you a business owner that is not hiring for this reason?  Would be interested to know.

    1. profile image0
      Kenrick Chatmanposted 8 years agoin reply to this

      Depends on the company. If they are a large public corporation they will not hire if it will negatively affect their quarterly earnings. For example, Microsoft is highly profitable but laid off 800 more workers late last year and stated that this move helped the company save around $700M+ as they anticipate a tough 2010. It's easier to cut expense by laying off workers than growing top line.

      Small companies will not hire because they do not have access to credit. That's why Obama had the meetings late last year with the bank power players to try and convince them to lend to responsible small businesses. I believe the job creation bill that the House passed late December will provide some lending assistance to small businesses if it is passed by the Senate.

      By the way, most of the major provisions in health care reform will not take place until 2013. So I think using health care reform and taxes as excuses to not hire do not hold water. You are in business to generate profitable revenue and you cannot do this when consumer confidence and spending are low due to layoffs and slow or no hiring.

      Healthy companies with overworked employees need to start hiring to stop this downward spiral.

  2. profile image0
    Nelle Hoxieposted 8 years ago

    Massachusetts has mandatory health insurance requirements for businesses and individuals and we coming out of recession faster that most other states.

    You can't say one causes the other, but it doesn't seem to be hindering us compared to other places. The last time I checked 97% of the Massachusetts populace has health insurance.

    1. easyspeak profile image70
      easyspeakposted 8 years agoin reply to this

      So then why did Mass just vote for Scott Brown?

      1. profile image0
        Kenrick Chatmanposted 8 years agoin reply to this

        Due to the poor campaign of his opponent who probably thought she had it all wrapped up. The Democrats will more than likely win the seat back in 2012. Hopefully this is a wakeup call for them to stop bickering over the small stuff, unite, and get things done.

        There are ~2.5M job openings and 15M+ job seekers. Maybe they can put this healthcare reform to the side for now and get to work on the economy.