CEOs used ObamaCare as an excuse to cut hours and avoid paying health benefits
President Obama and his union cronies invoke this argument that if “overpaid” CEOs just took pay cuts, they wouldn’t have to cut employee hours and could give them health benefits.
Take Obama’s example of Staples. Its CEO earns $10.8 million in compensation. But the company also employs approximately 83,000 people. Even if the CEO took a 100 percent pay cut and distributed it evenly among his employees to fund health care plans, they’d only score an additional 36 cents a day to put toward their monthly premiums. Sure would take a lot of overtime to pay those $3,000+ deductibles alone on ObamaCare.