12/3/2014
By Charles Payne, CEO & Principal Analyst

On December 2^nd, members from the Business Roundtable met with President Obama to air a number of grievances, including frustration and confusion over the administrations lawsuit against Honeywell for enforcing a key plank of the healthcare law.

One of the rare bipartisan parts of Obamacare is workplace wellness to reduce smoking, obesity, and hypertension. Honeywell asked employees to take a biometric test to measure areas of health that need improvement and those who refused lost the following:

• $1,500     From Health Savings Account
• $500        Medical Plan Surcharge
• $1,000    Tobacco Surcharge
• $1,000    Tobacco Surcharge for Spouse

The Honeywell lawsuit broke the dam and now businesses are saying they may not go along quietly with the failed healthcare law. Moreover, businesses are also saying that they foresee a dramatic decline in capital expenditures over the next six-months. 

The sad irony is that many business owners say US investment spending could be substantially stronger by fixing two things the federal government controls.

 US Tax policy and regulatory issues are the twin killers of prosperity and why big business is sitting on its cash.

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Charles Payne
Wall Street Strategies

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