Wednesday, April 06, 2005

Maryland Legislature Loots Wal-Mart Stores

After Republicans in Congress embarrassed themselves by passing a bill that applies to only one person, Terri Schiavo, Democrats in the Maryland legislature match that lawlessness by passing a bill dedicated to the looting of one company: the "Wal-Mart Bill," which dictates the exact level of the company's health-care spending, allowing the state to grab money for its own welfare programs.

"Bill Would Raise Wal-Mart Health Spending," Gretchen Parker, AP via Yahoo, 4/6/05

"A bill that would force Wal-Mart to spend at least 8 percent of its payroll on health benefits or pay the difference to a state fund is moving through Maryland's General Assembly with majorities that supporters say will be veto-proof. Republicans on Tuesday decried the proposal—dubbed the 'Wal-Mart bill'—as the most anti-business legislation lawmakers have debated in a decade. The bill, the Fair Share Health Care Act, would require Wal-Mart Stores Inc. to spend at least 8 percent of its payroll on health care benefits for its employees or put the difference into Maryland's Medicaid fund. The act applies to any company with more than 10,000 workers, but so far in Maryland only Wal-Mart meets that criteria. Gov. Robert Ehrlich has promised a veto. If vetoed, an attempted override would not occur before the 2006 session in early January."