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So what is next with health care? There are new concerns over President Obama’s healthcare law and its potential impact to job growth. This comes after a report was released by the House and Oversight committee chairman Congressman Issa, and he singles out one provision in the law in particular. This provision is a yet to be enacted tax penalty on business of 50+ employees. Depending on the circumstances, if those business fail to offer government approved health insurance will face a tax penalty of $2,000 to $3,000 per employee. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News as an employer to discuss the ramifications of this tax on businesses.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: congressmen issa, financial advisor, fox news, house and oversight committee, job growth, obama health care, tax penalty, wealth manager