We need our representatives in Congress to take action to stop the Health Insurance Tax (HIT) that will go into effect next year because of federal healthcare reform. The HIT will be passed from health insurance companies to small businesses and the self-employed through higher premiums. Small businesses should be targeted in this way.
My company, Superstructures, Inc., is a contracting firm that designs and builds large commercial and industrial buildings. The HIT would cost us an additional $500 each and every year to cover my foreman and myself, and other small businesses in Alaska would face a similar problem. In the end, it’s the local communities that would lose.
Small businesses are what keep our economy growing, and I am very concerned that additional costs will cause some companies to lay off workers or possibly go out of business altogether. Increased taxes would also make it more difficult for businesses to continue supporting charitable organizations within their own communities that depend on them for donations. Congress must act now to pass The Jobs and Premium Protection Act in order to repeal the HIT and protect small businesses and tight-knit communities like the ones we have here in Alaska.