Keyword: othertaxshoes

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  • Deere (And Others) In The Headlights

    03/26/2010 5:06:50 PM PDT · by Kaslin · 27 replies · 1,286+ views
    Investors.com ^ | March 26, 2010 | INVESTORS BUSINESS DAILY Staff
    Health Reform: As major businesses lay out the impact of ObamaCare in dollars and jobs, two things are clear: the costs will be enormous, and the president's vow to focus on "jobs, jobs, jobs" can no longer be believed. Early returns on ObamaCare are coming in, and they belie proponents' claims of job creation and cost reduction. The costs will increase. They are merely being shifted to the states and to America's businesses, large and small. AT&T, the country's largest telephone company, announced Friday it will take a $1 billion first-quarter charge related to the new health care law. The...
  • AT&T Plans $1 Billion Charge Tied to Health Benefits

    03/26/2010 12:03:05 PM PDT · by NautiNurse · 24 replies · 1,710+ views
    WSJ Online ^ | 26 March 2010 | Roger Cheng
    AT&T Inc. plans to take a noncash $1 billion charge in the first quarter in anticipating the impact of changes brought by the nation's health-care overhaul. AT&T follows Deere & Co., Caterpillar Inc. and AK Steel Holding Corp. in taking the one-time charge. The companies are taking the charges now even though the impact of the health-care law won't be felt until 2013.
  • AT&T will take $1B non-cash charge for health care

    03/26/2010 12:57:05 PM PDT · by TexasNative2000 · 44 replies · 1,369+ views
    AP via yahoo.com ^ | 03.26.2010 | BARBARA ORTUTAY
    AT&T Inc. will take a $1 billion non-cash charge in the first quarter because of the health care overhaul and may cut benefits it offers to current and retired workers. The charge is the largest disclosed so far. Earlier this week, AK Steel Corp., Caterpillar Inc., Deere & Co. and Valero Energy announced similar accounting charges, saying the health care law that President Barack Obama signed Tuesday will raise their expenses
  • Other Tax Shoes Begin To Drop

    03/23/2010 5:46:34 PM PDT · by Kaslin · 37 replies · 2,310+ views
    Investors.com ^ | March 23, 2010 | INVESTORS BUSINESS DAILY staff
    Health Care Reform: The Senate parliamentarian dims GOP hopes on a reconciliation bill that contains even more onerous taxes and even a financial incentive to lay people off. No wonder Speaker Pelosi is laughing. We'll acknowledge that the signing of ObamaCare into law is a historic event, but we think the Weather Channel broadcasting the signing ceremony was a bit much. On the other hand, stormy political weather and more dark clouds lay ahead. The cries of "repeal" and "remember in November" are rising, and state attorneys general are taking the feds to court over the unconstitutional mandates and usurpation...