Hobby Lobby Finds ACA Loophole

Hobby Lobby Finds ACA Loophole

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Washington (CNN) – By Friday, Hobby Lobby would have racked up $14.3 million in fines from the Internal Revenue Service for bucking Obamacare. But in keeping with the great American tax tradition, they may have found a loophole.

The company is facing $1.3 million a day in fines for each day it chooses not to comply with a piece of the Affordable Care Act that was set to trigger for them on January 1. The craft store chain announced in December that, because of religious objections, they would face the fines for not providing certain types of birth control through their company health insurance.

The penalty was set to go into effect on the day the company’s new health care plan went into effect for the year.

Peter M. Dobelbower, general counsel for Hobby Lobby Stores, Inc. said in a statement released through the Becket Fund that, “Hobby Lobby discovered a way to shift the plan year for its employee health insurance, thus postponing the effective date of the mandate for several months.”

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  • http://www.facebook.com/profile.php?id=1025500368 Rick Eastlund

    Let’s all support Hobby Lobby, by shopping there.

  • Karen

    Don’t give up the fight!

  • dancingontheheadofapin

    Hobby Lobby is a great store with a wide inventory including not only decorator items, but also Wilton products, crafting products, and seasonal decorations. Classes are held for cake decorating and art instruction. A framing facility with choices of frames and mats are available. Floral products, materials for upholstering or draperies, clothing, etc include a wide selection. And best of all, a 40% coupon is available on their web site each week. Visit their store and support their stance on healthcare.

    • enuma

      Many of those products are produced in China, a country that has a policy of mandatory abortion in many of its provinces.

  • Alisa Middleton

    I only shop there now and not much at Joanne’s. Shopping and more shopping is the only way to stick it to Obama and his thugs.

  • http://www.facebook.com/jacqueline.lynn.940 Jacqueline Lynn

    Never heard of them here in SW Florida before Obamanation struck! If they were in this market I would support them as much as possible!
    Get ready for a really rocky year! The man is taking us down a steep and bumpy slope! We need to vote true Conservatives from the Grass roots on up, particularly next year. We must have the Senate to corrall him until 2016 when we take back AMERICA!

  • enuma

    Doesn’t anyone else find it a little ironic that Hobby Lobby doesn’t want to comply with the ACA’s contraceptive requirements, but seems to have no problem with selling products produced in a country where abortion is a government service, and where there are widespread reports of forced abortions (some as late as the third trimester) due to the government’s strict one-child policy?

    Hobby Lobby was serious about this moral objection, they wouldn’t carry a single item produced in China.