Please read the WSJ of March 31st, specifically the OpEd piece that discusses this in depth. Your attention is drawn to, "Financial Standard Accounting Board's 1990 statement No. 106, which requires businesses to IMMEDIATELY RESTATE their earnings in light of their expected future retiree health liabilities."
Just because you don't LIKE the numbers doesn't mean that the numbers aren't true and in accordance with current GAAP and SEC requirements. The companies can't change general accounting requirements to make this rotten egg of a law smell any better.
BTW, don't miss the GREAT piece in the WSJ of March 30th, "Why the Rich Can't Pay for Obamacare." It gives a full history of the past failures of soaking the rich, how it never pans out, how the numbers that are predicted never come to fruition, and how they wouldn't be rich in the first place if they didn't have the savvy and know-how to escape the punitive taxation.
A FEW people can't pay for healthacre for all. Every single taxpayer will eventually be paying for this. Meanwhile, if we beat up the largest corporations, fewer people will be paying taxes because fewer people will be working.
Sure, pal! It's a massive CEO conspiracy
Please read the WSJ of March 31st, specifically the OpEd piece that discusses this in depth. Your attention is drawn to, "Financial Standard Accounting Board's 1990 statement No. 106, which requires businesses to IMMEDIATELY RESTATE their earnings in light of their expected future retiree health liabilities."
Just because you don't LIKE the numbers doesn't mean that the numbers aren't true and in accordance with current GAAP and SEC requirements. The companies can't change general accounting requirements to make this rotten egg of a law smell any better.
BTW, don't miss the GREAT piece in the WSJ of March 30th, "Why the Rich Can't Pay for Obamacare." It gives a full history of the past failures of soaking the rich, how it never pans out, how the numbers that are predicted never come to fruition, and how they wouldn't be rich in the first place if they didn't have the savvy and know-how to escape the punitive taxation.
A FEW people can't pay for healthacre for all. Every single taxpayer will eventually be paying for this. Meanwhile, if we beat up the largest corporations, fewer people will be paying taxes because fewer people will be working.