ObamaCare's Cost to NYT Co.

http://www.futureofcapitalism.com/2010/04/obamacares-cost-to-nyt-co

It's a staple of the left-wing commentariat that companies, such as Caterpillar or ATT, that are taking charges against earnings because of ObamaCare are just doing so to make some right wing political attack on President Obama. So it was interesting to read, in a New York Times news article on the New York Times Company's own earnings, that "In the first quarter, the company also took a one-time charge of $10.9 million, or 7 cents a share, to reflect a change in the health care reform package regarding the tax treatment of benefits."

A Times editorial on the point had declared the provision "inequitable" and that "amounts to double-dipping," without noting that the Times Company itself was benefiting from this supposedly inequitable double-dipping.

by Ira Stoll  |  Apr 23, 2010 at 9:22 am Related Topics:  Health Care, Politics, Press, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list