Wednesday, December 23, 2009

From 50 to 5

http://online.wsj.com/article/SB126153388406402389.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop#articleTabs%3Dcomments

Senate Provision Riles the Construction Industry

Another revision

A last-minute addition to the Senate health-care bill that requires small construction companies to offer health coverage or pay a fine touched off a battle Tuesday with some industry groups demanding its removal.

The change, offered by Sen. Jeff Merkley (D., Ore.), says construction companies should offer coverage if they have five or more employees and a payroll of $250,000 or more, or face fines of up to $750 per employee per year if the employees receive tax credits. The threshold for other types of companies is 50.


.Construction-related industries say it is unfair to single them out, as the recession has hit them particularly hard. Recent data show that unemployment in construction is 19.4%, nearly twice the national average of 10%.