A key House Republican is warning that the mandate in President Obama's health care law requiring companies with more than 50 employees to provide adequate health insurance to their workers is so cumbersome that even the parts designed to help firms with compliance will cause headaches.
With the so-called "fiscal cliff" quickly approaching at the end of the year, small-business owners on Thursday told a House subcommittee that the Obama administration's tax proposal would hurt the nation's leading job providers and prevent them from hiring or increasing wages and benefits.
Congressmen on Capitol Hill questioned President Obama's top consumer-protection advocate, Richard Cordray, about his agency's compliance with federal regulations designed to protect America's small businesses.
It seemed like a good idea at the time, but a health insurance tax credit for small businesses, part of President Obama's health care law that gets strong support in public opinion polls, has turned out to be a disappointment.
It's drawn little attention, and no organized opposition, but voters next month will be asked to change Iowa's Constitution to remove the term "idiot" in defining who is eligible to vote.
