Hi Larry, with this health care issue, don’t you think it will hurt the large commission salons? I have heard salons under 250K will not be in the rules and businesses over 250K that don’t provide insurance will be charged a 8% charge. Do we need to get salons to start writing their congressman?
Ray
Ray, Right now there are so many proposals that are being debated that it is hard to say what the final verdict will be. Most definitely, if they do an 8% additional payroll tax it will hurt all small businesses. Where salons work on such a small markup it could be the “straw that breaks the camel’s back.” Fortunately, they are going to recess without a bill being passed so what I am reading is that, unless the Democrats put health care in with the budget resolution (which does not require 60 Senate votes), it will be November before we see activity.
I wonder what PBA’s take is on this?
I recently sat on a health care roundtable with Senator Johanns. He was not very optimistic about the outcome of this reform.
In other words…. Your guess is as good as mine.
Larry Kopsa CPA
