What do Caterpillar and John Deere have in common? Besides being America's two biggest makers of heavy equipment, they have both announced huge increases in expenses due to ObamaCare. Wednesday, Caterpillar made official its estimate of $100 million in increased costs for 2011, though they will take the charge this year. Yesterday, John Deere said it will face an additional $150 million in increased costs for 2010 in order to comply with the Democrats' assault on America's health care and health insurance systems, eliminating about 11% of the company's profits for the year.
In particular, the charges come from changes in tax regulations for contributions to employees and retirees' health care benefits.
So Mr./Ms "Progressive", where do you think that money is going to come from? Hint, those same people your allegedly helping with this bill.
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