Obama’s victory leads to layoffs

A Las Vegas company has laid off 22 employees in the aftermath of Obama’s victory Tuesday night. The reason for the layoffs? The tax burden and regulations from Obamacare:

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that [I] made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.

“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

“Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive. I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”

  • kim

    Im a small business owner that employs 11 people and supplies health insurance for them and their young families. Obamacare is going to raise my health insurance costs 40 percent and i will no longer be able to afford it. In addition, my employees have gotten a raise every year though my own income has gone down, but due to the new state and federal taxes coming my way….those raises are a tHing of the past too…

  • lorenztl

    I’m glad I sold my small company with 8 employees. It is was always a huge concern having to deal with burdensom regulations, government bureacrats and ever higher taxes. Employees have no idea.

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