Obamacare’s devastating small business tax hikes

Finally, we again turn to the individual mandate. Many self-employed people choose not to have health insurance — because either they would rather self-insure, they have a mini-med plan or they want to retain capital in their small businesses. This choice is stripped of them by Obamacare. Starting in 2014, everyone must obtain “qualifying” (there’s that word again) health insurance or face an excise tax of at least 2.5 percent of adjusted gross income. If they are an employee of their own firm which has at least 50 employees, the firm would also be subject to the employer mandate excise tax described above. The federal government should not be able to force people to purchase a product that they don’t want and use the IRS as the bludgeon to make them do it. It’s really as simple as that.

Small businesses are among the worst-treated of all groups under Obamacare, but that’s sadly not surprising. President Obama has shown nothing but contempt for Main Street businesses ever since he was a community organizer. Obamacare is simply the logical extension of a life devoted to tearing down the entrepreneurial spirit.

Grover Norquist is president of Americans for Tax Reform and co-author (with John Lott) of Debacle: Obama’s War on Jobs and Growth and What We Can Do Now to Regain Our Future.