Obama has already driven Entrepreneurship and new company formation to 50 year lows. This is another job-killing, small-company destroying bit of legislation.
I don’t know. But I’d love to know what companies did with all the savings from not providing pensions like they used too. That money has to be around somewhere. When companies stopped giving pensions, that was a boom to all companies and saved them trillions. Where is that money???????
requiring employers that don’t offer a retirement plan to automatically enroll their workers in an Individual Retirement Account.
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This is precisely why I fired all of my employees and went to a “temp service” since December 2012. I am sick of all the employer mandates. Screw it. Obama has been going after small business since October 2009 with mandates and we are drowing in regulation. Company benefits administration companies are the big cottage industry to manage all the regs. I just stopped playing the game.