President Obama’s Big Labor buddies are not referring to automobiles, but rather the President’s Affordable Care Act (a.k.a Obamacare) “Cadillac tax” provision that, if left in place, could seriously hurt unions financially and result in membership loss. Big labor is hoping for an early Christmas present from the Democratic party and the President – but it may not be coming. Despite the fact that Harry Reid and other Democrats have announced the repeal of the Cadillac tax as a main priority in an attempt to support struggling unions whose support Democratic candidates desperately need in the 2016 elections, it appears the President’s narcissistic ego will keep him from supporting such a repeal since he views Obamacare as his signature health care reform law. This could become a major problem for the President and the Democratic party if not achieved this week, as negotiators attempt to wrap up a major tax bill. [more...]
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