Dr Jeff Cornwall

Small Business will Take a Hit from HIT

There is a move to repeal a major new tax, called the health insurance tax (HIT), which is a key part of ObamaCare.

From the NFIB:

The tax begins at $8 billion in 2014, rises to $14.3 billion by 2018 and continues to increase. In effect, the HIT will ultimately pass along $87 billion in costs to businesses and their employees in the first 10 years. This will force the private sector to shed 125,000 to 249,000 jobs between now and 2021, according to an NFIB study, with more than half of those losses falling on small businesses.

Let your representative and senators know that you support the repeal of HIT.  Bills to do so have been introduced in both houses of congress.