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Sunday Afternoon Music: Tom Waits, 'Poor Edward'

383
~Fianna3/28/2010 6:50:01 pm PDT

re: #378 Aceofwhat?

i’m all ears. give me your spin-

On the ATT thing?

It’s a change in the tax law. Companies that used to get a federal write-off for prescription drug coverage for retirees don’t get that write-off anymore.

It’s not a new tax. It’s not a bill. It’s the end of a writeoff that subsidized a private company offering a private benefit.

Frankly, it’s really only going to impact very large companies… Not many small companies cover benefits in retirement. In fact, not many companies at all offer retirement benefits.