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HIT will ravage small businesses

Posted: October 6, 2013 - 1:37pm  |  Updated: October 6, 2013 - 6:56pm

Small businesses employ more than half of the private sector workforce and half of the national GDP comes from our sector. Congress should keep that in mind as it votes on a bill that seeks to repeal a little-known tax that will ravage small businesses, called the HIT (Health Insurance Tax). Studies show that this tax will make health insurance premiums rice by $5,000 per employee over a decade, while eliminating the tax could decrease the average family premium by up to $400 annually.

This HIT, part of the Affordable Care Act, will generate $100 billion in revenues the first decade alone, and many employers aren’t even aware the tax will impact them next year. As a small business owner myself, I know the hard decisions other employers will face regarding passing costs to employees or lowering wages. Worse yet, do they lay people off? Now’s not the time to discourage economic growth, so we need legislators to advocate for the small business community and the people we employ. They must repeal this unfair tax by voting for the Jobs and Premium Protection Act.

Loni Galloway

Soldotna

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Watchman on the Wall
2893
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Watchman on the Wall 10/07/13 - 08:41 am
0
2
That's what it's designed to

That's what it's designed to do. Cause a MAJOR 'HIT' on all areas of life, a MAJOR 'HIT' designed to destroy business, not promote it for the good of many.
We are only starting to realize the extent of our choices and will realize the error of our ways sooner than later as we see more 'HITS' roll out crippling economics and commerce Nationally as well as Globally.

Watchman on the Wall
2893
Points
Watchman on the Wall 10/09/13 - 08:32 am
0
1
Were about to HIT ARMAGEDDON

Were about to HIT ARMAGEDDON, economically that is real soon due to all these govt. plans to destroy the middle class working force for jobs and tax revenue which supports much of govt.
That word Armageddon is one of Obama's and Norseman's favorite words, so I thought I would use it here to show where we are all heading due to as Gov. Bobby Jindal calls it, 'a President who refuses to lead and plays childish politics of my way or the highway.'
Nothing Obama has done has been to promote prosperity
or good for all of America, Economic Armageddon is what he seeks and it's almost here so hang on and stock up on basic supplies while you can get them and the money still flows.
Have a GR8 day and I'll be back after I do some chores in preparation of this event that's coming soon.

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