Pet Store Scraps Expansion Because of $100K in New Costs from Obamacare
11:17 AM, Feb 27, 2014 • By DANIEL HALPER
A New York pet store owner has decided not to expand his business because of $100,000 in new costs from Obamacare:
"Everything is on hold. We won't grow. We won't reach that threshold. It is not worth it for us," says pet store owner Matt Sames.
The reporter adds, "He says he scrapped his plans because of the Affordable Care Act. Opening two more locations would increase his company's employee size to 50, making it mandatory for him to provide health care for all his workers."
"If we wouldn't cover those 50 employees, I think there's a $2,000 penalty per employee. So that is a $100,000 bill," says the owner.
Recent Blog Posts