Posted: May 16, 2014
As the President's health care law is implemented across the country, the Stop the HIT Coalition (of which NFDA is a member) has been working tirelessly to raise awareness of the need to protect small businesses and their employees from higher health care costs as a result of the health insurance tax (HIT), which took effect at the beginning of this year.
Late last year, we saw encouraging progress from our allies in the House and the Senate as U.S. Reps. Charles Boustany (R-LA) and Ami Berra (D-CA) introduced legislation that would provide immediate relief for America's small business owners and their employees by proposing to delay the tax for two years. This followed earlier legislation to repeal the HIT, which was led by Reps. Boustany and Jim Matheson (D-UT) and Senators John Barrasso (R-WY) and Orrin Hatch (R – UT).
But the fight is just beginning. Exclusively impacting the fully insured market, where 88 percent of small businesses purchase insurance, the HIT will raise $145 billion over the next 10 years, and will most certainly trickle down to your businesses and the workers you employ in the form of higher premiums. In fact, a study by former CBO Director Doug Holtz-Eakin shows that, on average, the HIT will cost each family about $5,000 in higher premiums over the decade.
Now is the time to ask Congress - who will help pay for the increased costs for America's small business owners and their employees? The Stop the HIT Coalition has developed a new online tool that helps you calculate how much the HIT will cost you and develops an "invoice" to send to your Members of Congress.
To use this new tool, simply click here. You can find out exactly how much this tax will cost you, as well as whether your Member of Congress still needs to join the effort to provide relief from the HIT. If they do, you can send the invoice and a custom-generated letter to urge them to take action immediately.
Here's what you can do to urge your Members of Congress to support small businesses and act on the HIT:
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