While drinking my morning coffee and perusing through the Wichita Eagle’s Business Today
section I noticed a common theme: The feds are in the way.
On page C1 you’ll find Employers in limbo amid health care law’s changes:
|To a large degree, a lot of business owners still don’t understand the changes, and I don’t think they clearly understand what it means for them in terms of things like the individual mandate,” said Tim Witsman, Wichita Independent Business Association president.
“People have a little bit of information but don’t have enough to really start making decisions,” said Janet Hamous, interim executive director for the Wichita Business Coalition on Health Care.
[Karen] Vines suggests that employers start now to prepare for changes next year, trying to educate themselves about the financial implications for their company and looking at options for coverage.
On top of the Affordable Care Act provisions lies a tax code of ‘biblical proportions’ see page 7C for Tax filers struggle with complex laws:
||Too intimidated to fill out your tax return without help? Join the club.
At nearly 4 million words, the U.S. tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements, according to a report Wednesday by an independent government watchdog.
With the level of regulatory kludge imposed by the federal government it truly amazes me that entrepreneurs and business still find time to serve their customers and earn a decent living.