From Business Week:

March 26 (Bloomberg) — AT&T Inc. will book $1 billion in first-quarter costs related to the health-care law signed this week by President Barack Obama, the most of any U.S. company so far.

A change in the tax treatment of Medicare subsidies triggered the non-cash expense, and the company will consider changes to the benefits it offers current and retired workers, Dallas-based AT&T said today in a regulatory filing.

Do liberals thinks that businessmen have huge vaults of gold that they swim around in like Scrooge McDuck?  That any and all profit they make gets locked away just so that greedy executives can have the pleasure of staring at it, smelling it, touching it?

Um, no. You see, people like to be successful.  They like to make their businesses bigger and better. You know, creating those… uh… what were they called again?  Oh yeah. Jobs. Didn’t people used to like having those things? I guess it doesn’t really matter anymore, since the government is now going to take care of all of our problems.

Do you know what happens when businesses get heavily taxed, yet don’t see any benefits? They have to make up that cost somewhere. Either with layoffs or by raising the price of their products or services. Or both.

But hey, at least we have free health care now.

At least until the doctors are too taxed to work.