Small businesses pessimistic following the election

The increased cost for health care has many small business owners thinking about not providing insurance altogether.

“Say if we are paying $13,000 a year for family health insurance, and the penalty is $3,000 per employee for family health insurance, I just saved $10,000 an employee if I put all our employees in the public pool and avoided the tax,” one small-business owner told The DCNF. “The tax is one more thing that makes is more expensive to provide a good benefit for small-business employees.”

Legislation to repeal this tax has gained bipartisan support on Capitol Hill. Louisiana Republican Rep. Charles Boustany and Oklahoma Democratic Rep. Dan Boren have introduced legislation in the House with 226 bipartisan cosponsors.

Companion legislation has been introduced in the Senate by Wyoming Republican Sen. John Barrasso, Utah Republican Sen. Orrin Hatch and Maine Republican Sen. Olympia Snowe. The bill is titled “The Jobs and Premium Protection Act.”

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