Thursday, March 25, 2010

Wow, that was fast!

The health care bill was just signed into law two days ago, and we already have this:

Caterpillar Takes Hit On Health Care

Caterpillar Inc. said Wednesday it will take a $100 million charge to earnings this quarter to reflect additional taxes stemming from newly enacted U.S. health-care legislation.

The world's largest construction equipment manufacturer by sales, warned last week that provisions in the legislation would subject the company to federal income taxes on the subsidies it receives for providing prescription drug benefits for its retirees and their spouses.
I wonder how many more of these stories we'll be seeing in the near future?

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