Employees at Milwaukee manufacturer Rite-Hite better watch out if they vote for President Barack Obama.
The company’s owner and chairman Mike White sent an email to employees this week warning workers of the “personal consequences” they’ll face if Obama is reelected, according to Milwaukee Journal-Sentinel website.
The email told workers that they “should understand the personal consequences to them of having our tax rates increase dramatically if President Obama is re-elected, forcing taxpayers to fund President Obama's future deficits and social programs (including Obamacare), which require bigger government.”
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White is the latest in a series of business heads that have made sure their employees understand the benefits of a Mitt Romney presidency. In June, Romney told business owners on a conference call to tell their employees who they plan to vote for and what the election’s outcome will mean for their business.
Though for the most part the communications have stopped short of directly telling employees who to vote for, they’ve not-so-subtly urged workers to support Romney.
David Seigel, the CEO of Westgate Resorts one of the biggest timeshare companies in America, wrote in an email to employees earlier this month that Obama’s reelection would “threaten your job.” Seigel, who believes himself to be personally responsible for George W. Bush’s election, said in interviews following the email that he didn’t “try to intimidate” employees he just wanted to tell his workers “what their future would hold if they make the wrong decision.”
David and Charles Koch, sent a mailing to 50,000 of their employees at Koch Industries warning that if candidates “who want to spend hundreds of billions in borrowed money” win the election then many of their workers “may suffer the consequences,” In These Times reported earlier this month. The Koch Brothers are famous supporters of conservative causes; Koch-linked organizations' political spending will likely top $400 million by the time the election is over, according to a May Politico report.
But lesser-known CEOs have also pushed their workers to support Romney. Arthur Allen, the CEO of software company ASG, sent an email earlier this month to employees asking them to donate to Romney to “help ASG and yourself.” The CEO of Michigan car part manufacturer Lacks Enterprises also told his employees to vote for Romney, warning that not doing so could lead to lower pay and higher taxes.
Mitt Romney raised $111.8 million in the first half of October, The Huffington Post reported on Thursday.
Also on HuffPost:
Obama Doubled The Deficit
When Obama took office in 2009, the deficit was projected to be $1.2 trillion during that year, and it <a href="http://www.nytimes.com/2012/10/04/us/politics/a-closer-look-at-what-the-presidential-candidates-said-in-the-debate.html?hp">ultimately turned out to be $1.4 trillion</a>, according to Congressional Budget Office data cited by <em>The New York Times</em>. The deficit is expected to be $1.1 trillion for fiscal year 2012.
Obamacare Killed Jobs
The Congressional Budget Office estimates that healthcare reform will reduce the health care industry's workforce <a href="http://www.huffingtonpost.com/2012/10/03/mitt-romney-obamacare-jobs_n_1937929.html">by only about 0.5 percent</a>, largely because workers will decide to retire early or work fewer hours. And if Romney's Massachusetts health care reform law is any indication, job loss won't be a big problem; employment trends in the state have mirrored national trends since Romneycare took effect.
Dodd-Frank Hurt The Housing Market
The Dodd-Frank regulations aim to prevent another housing crash like the one that helped to cause the 2008 financial meltdown by <a href="http://www.cbsnews.com/8301-505245_162-57517942/why-it-matters-wall-street-regulation-and-reform/">banning high-risk lending practices</a>, according to CBS News. In addition, the housing market has <a href="http://www.usatoday.com/story/money/business/2012/10/02/home-prices-rising/1608957/">been on a slow rebound</a> since Obama took office. If anything, it may be banks that are holding back the housing recovery. Many are <a href="http://online.wsj.com/article/SB10000872396390443890304578006482230678780.html">slow to lend</a> because they're concerned Fannie Mae and Freddie Mac will make them take back any bad loans, the <em>Wall Street Journal</em> reports.
The indirect effects of Obamacare have yet to be determined, since the law has yet to be implemented. But as the law is written now, <a href="http://abetteriowa.desmoinesregister.com/2012/10/03/obama-romney-debate-fact-check-claims-on-tax-cuts-and-job-gains-need-second-look/">Obamacare doesn't cut seniors' benefits</a> as part of its plan to curb health care costs, according to <em>USA Today</em>. Obama's healthcare law would curb benefits to health care providers and insurers, but doesn't directly cut seniors' benefits. <a href="http://abetteriowa.desmoinesregister.com/2012/10/03/obama-romney-debate-fact-check-claims-on-tax-cuts-and-job-gains-need-second-look/">Critics allege however</a>, that the cuts in payments would have the unintended consequence of hurting seniors because doctors would stop accepting Medicare patients, according to <em>USA Today</em>.
Health Care Panel
Though Obamacare does create an independent board,<a href="http://www.sfgate.com/business/bloomberg/article/Romney-Plan-Needs-Economic-Growth-to-Add-Up-3918731.php#page-3"> the law prohibits the board</a> from making recommendations to "ration health care," or "otherwise restrict benefits or modify eligibility,” according to Bloomberg.
Employer-Based Health Insurance
Some workers may switch from their employer-provided health plans, according to the Congressional Budget Office, but that number is more likely to be closer to <a href="http://www.huffingtonpost.com/2012/10/04/obama-romney-debate_n_1938067.html">between 3 and 5 million</a> per year between 2019 and 2022.
President Obama's proposed budget is estimated to <a href="http://www.huffingtonpost.com/bernard-whitman/reason-22-1-trillion-in-s_b_1819355.html">cut about $1.1 trillion</a> over the next 10 years and, so far, Obama has signed $2 trilion worth of spending cuts into law, according to Democratic Party Pollster Bernard Whitman.
Balancing The Budget
President Bill Clinton managed to balance the budget during his time in office with a <a href="http://www.newsobserver.com/2011/07/16/1346965/under-clinton-the-budget-balanced.html">tax boost for those in the top 2 percent </a>of earners, according to Duke professor William Chafe.
Adding To The Deficit
Romney's tax plan would<a href="http://firstread.nbcnews.com/_news/2012/10/03/14207584-truth-squad-the-debate?lite"> cost the country $4.8 trillion</a> over the next 10 years, according to Tax Policy Center data, cited by NBC News.
Clean Energy Failures
Businesses that got government clean energy loans failed at a rate of <a href="http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/10/03/footnoting-the-debate/">about 1.4 percent</a> at the end of 2011, according to <em>The Washington Pos</em>t.