AT&T (T: 26.24, 0.08, 0.31%) said Friday that tax ramifications related to the newly passed health-care legislation will force it to take a $1 billion non-cash charge in the first quarter.
My Thoughts
It looks like the new health care law will take its toll on the economy. I have heard of companies that are talking about outsourcing more of their jobs so that they can avoid paying more for health care. Some companies are talking about laying more employees off in order to get them off of their payrolls in order to avoid paying more for health care.Isn't this wonderful? I saw a news segment of a man jumping for joy saying that he will get free health care and housing. Free? It will cost all Americans dearly for this program.
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