GRAND RAPIDS, MI -- The president and CEO of Lacks Enterprises is warning his company's 2,300 employees their paychecks will be smaller if President Barack Obama is re-elected.
Richard Lacks urged his employees to “vote to improve your standard of living” in a letter notifying them of their sixth bonus in almost three years thanks to the good times his automotive parts company has enjoyed.
But Lacks was not about to give Obama any credit for the auto industry’s recovery. He told his employees the Affordable Care Act, which he called Obama Care, will raise his company’s health insurance costs by 2 percent a year.
“As employees, you will receive no additional direct benefit other than you will have to pay for it,” said Lacks in a letter he sent to hourly employees last Friday.
“The talk of additional tax increases by the administration, if re-elected, will have an additional negative impact on the organization,” he wrote. “ It is always important to remember the more government takes the less there will be available to spread around to the working people of this company.