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tell barbara here on the news you need to know this yesterday the obama
administration announced the one of the major provisions in the affordable care
act will be delayed for another year
under the law starting twenty fourteen businesses with over fifty employees
would have been required to provide health care tipped their workers or pay
a fine
at provisional now not take effect until twenty fifteen
after next year's midterm elections
assistant treasury secretary mark
nazar said
we have heard concerns about the complexity of the requirements the need
for more time to implement them effectively
change will not affect people who buy insurance individually or small business
is planning to purchase health care through new exch insurance exchanges
who also spare large employers
ut three thousand dollar per worker fine
for failing to provide workers with coverage
however during the twenty fourteen transition period the treasury
department will encourage employers to maintain
or expand insurance coverage
ensure businesses follow all other requirements under the law
majority of obama care will go into effect as planned and is scheduled to
start on january first of next year
kerrigan's without health care coverage will be able to access affordable care
and small businesses will gain access to lower-cost plans
in states that have established a insurance exchanges
allergy are at the white house senior adviser
said healthcare exchanges will begin place on october first
and quote
small businesses an ordinary americans will be able to go to one place to learn
about their coverage options
and makes side by side comparisons of each plans price and benefits
before they make their decisions end quote
however even those who support obama care question whether the exchanges
around schedule as a direct result republican obstruction g_o_p_ that
states
in spirit is jacksdeit in corporations are costing our country
billions a study by the office of management and budget bob loopholes in
international tax havens have reduced corporate taxes
from the three hundred seventy billion collected two thousand seven to nearly
half that one hundred ninety billion by twenty ten
according to a new report by the government kind of bility office
corporate tax dodgers pages twelve point six percent of the profits and income
tax in twenty ten
it's only about one-third thirty five percent tax rate the republicans are
always whining about
so while are infrastructure crumbles and americans are feeling the pain of
austerity
corporations are avoiding paid their fair share of our nation's financial
costs
c_e_o_'s claim that the u_s_ tax rate doesn't offer a fair picture
but they are also subject to taxes locally in around the world
however the gta over report found that even when state local and
foreign taxes were factored in
corporations are still only paid about seventeen percent
democratic senator carl levin a review the report and said quote
some u_s_ multinational corporations like to complain about the u_s_ thirty
five percent statutory tax rate
but what they don't like to add met
is that hardly any of them pay anything close to it
in the rest of the rest of the news on tuesday illinois governor pat quinn
vetoed a measure that it would have allowed people to bring guns into
establishments a surf alcohol
during a press conference governor quinn was joined by parents have done violence
victims
and said he objects to at least nine provisions in the proposed law
pelican lawmakers joined by a few democrats who served rural districts
passed the measure by huge majorities
if the law went into a fact that would have allowed
permit holders to carry multiple guns
had no restrictions on foot size
and what a lot of west updraft weapons into some bars and restaurants
o'quinn said
but this is a flawed bill was serious safety problems that must be addressed
a federal appeals court recently struck down that state's ban on residents
carrying concealed weapons
and gave lawmakers six months to draft you law
although the measure is currently blocked by governor when the state
legislature only needs a three-fifths majority to override his veto
measure had already passed by a higher margin than that
and control advocates hope lawmakers change the bill to comply with governor
wins concerns
but fear the new concealed carry measure will become illinois law
regards
more bank stirs get to write off their crimes as a cost of doing business
federal judges approved h as species record-breaking one point nineteen
billion dollar settlement
will result charges that the bank laundered money for mexican and
colombian drug cartels
despite heavy public criticism
u_s_ district judge john please approve the settlement saying the decision was
where the compass is a great deal
at least that's any red berries editorial suggesting the hsbc was too
big to indict
but he felt quote much of what might have been accomplished by a criminal
conviction has it
the they've been agreed to
in a deferred prosecution agreement
thanks spokesman rob sherman said they have taken extensive steps to prevent
while we're making good progress there is some or to do
hsbc complex blamed compliance lapses for the scandal
that did not have to admit to any criminal wrongdoing
it's again it appears to be good
failed means to be
and finally jack burden owner of nutshell all this had to get
creative to maximize business is fifteen by seven
establishment
tiny called has been certified by the guinness book of world records has been
smallest britain
like most of the space mister burton adam ban six-foot seven-inch customer
busy during peak hours
although adam her cattle is a very good customer has to visit bob kerrey
off-peak hours mister burton said adams a real gentle giant
uh... his night accept such a lot of space
i have to turn away at least
or normal size drinkers
thankfully adam works is tree surgeon says stands for restriction
he said my size is a great adventure movie
three trucks
being handicap
and that's the way it is today wednesday july third
one thirty
i'm john hartman
on the news