A corporation whose part owner gave $2 million to a group committed to re-electing President Obama announced this week that it will be forced to lay off more than 1,000 employees in lieu of the financial hardship imposed by the president’s signature health care law.
Stryker Corporation, a medical device and equipment manufacturer, will cut 5 percent of its global workforce, resulting in an estimated 1,170 layoffs, according to Freedom Works, a governmental watchdog group in Washington, D.C.
Signed into law in March 2010, ObamaCare requires businesses to provide government-defined health care plans to employees who work 30 hours or more each week. Those who fail to do so face fines of up to $3,000 per employee.
ObamaCare includes 18 new taxes and penalties that are estimated to bring $836 billion to the federal government over the next 10 years, said Alyene Senger, a research assistant at The Heritage Foundation.
“As businesses are affected by these taxes they are going to either — like you see with Stryker — lay people off, or they are going to turn full-time workers into part-time workers so that they don’t have to pay the employer mandate,” she said.
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