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Small Business Owners on the Losing End of ObamaCare
Last week, President Obama tried to convince small business owners his health care reform plan was good for their bottom line and their workers. Recent action taken by small business leaders suggests many aren’t buying it, yet the administration continues its aggressive public relations campaign.
In this morning’s White House announcement, the head of the Small Business Administration, Karen Mills, stated ObamaCare was intended to work for small businesses “rather than strap them with continually rising costs.” But a recent analysis by the Obama administration reports continually rising costs are exactly what’s in store. According to the analysis, national health care spending will increase by $311 billion over the next 10 years.
And while the White House may be spending the day touting tax credits for small businesses, the tax figure most small employers seem to be focused on is the $87 billion in new taxes they and other employers will have to pay in the form of penalties for failing to provide government-approved health care.
A strong majority of Americans want Congress to scrap ObamaCare and start over with commonsense reform that lowers costs and supports small business owners and taxpayers without growing the size of government. The president should take a fresh look at the House Republican health care plan that helps do just that.