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2/4/2014 10:35:00 PM
9
My family owns a small business. So I know how this would've affected us (more than most people here) if we fell under Obamacare; luckily we were right under the threshold.
Yea, we would've been screwed if we had to pay for Obamacare. It was to much money for us to handle. Small businesses cannot do what Obamacare wants them to do.
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So if a great majority of small business are exempt from it, why are people so upset about it? Small businesses would be the most effected by having to provide healthcare, but since bigger businesses which can afford to provide healthcare are the only ones required to do so, I don't see the problem.
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[quote]According to U.S. Census Bureau data (2009 data): • There were 5.8 million employer firms in the U.S. [b][u]Firms with less than 20 workers made up 89.7 percent of these businesses[/u].[/b] Firms with fewer than 500 workers accounted for 99.7 percent of employer firms. • Add in the number of nonemployer firms – there were 22.1 million in 2010 – then the share of U.S. businesses with less than 500 workers increases to 99.9 percent, and firms with less than 20 workers increases to 97.8 percent.[/quote] It's a couple years-old data, but I think it's safe to assume that there hasn't been a dramatic shift in small/big businesses.
