That’s what’s happening as ObamaKare’s mandatory insurance program nears implementation January 1st. Unlike the marginal tax rates on “millionaires” (actually, two-income families earning a total of $100,000) that Regressives are so eager to impose on their fellow citizens, it’s not the extra dollar over $100,000 that will be taxed at a higher rate: adding a fiftieth worker triggers the requirement to provide insurance for all fifty employees.
It may well be that a growing small business will want to expand regardless of the cost of providing health insurance because the increased profits exceed that cost. But as we’ve seen in France and Italy, it is just as likely, if not more, that businesses will choose to stay under the threshold because they can’t afford to go over it. If so, the job recovery Obama promised just a few weeks ago won’t happen.