The Stop The HIT Coalition, which represents small business owners, their employees and the self-employed, issued the following statement following introduction of S.172, the “Health Insurance Tax Relief Act of 2019”, bipartisan Senate legislation to suspend the ACA’s health insurance tax (HIT) in 2020 and 2021.
“Small businesses and hardworking American families are counting on Congress to fulfill their promise to address rising healthcare costs. Suspending the health insurance tax (HIT) is a critical step in providing stable, affordable coverage for 142 million small business employees and their families. We applaud Senators Cory Gardner (R-CO), John Barrasso (R-WY), Tim Scott (R-SC), Jeanne Shaheen (D-NH), Doug Jones (D-AL) and Kyrsten Sinema (D-AZ) for upholding that commitment by introducing S.172, the ‘Health Insurance Tax Relief Act of 2019’, bipartisan legislation to delay the HIT in 2020 and 2021.”
“Hardworking American families would see an average of nearly $1,000 in cost savings over two years – money that is desperately needed to meet the rising cost of healthcare. It’s urgent that the Senate advance HIT relief legislation before the tax returns in 2020. Delaying the HIT would provide needed certainty for small businesses owners struggling under the weight of this looming tax.”
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About Stop The HIT: The Stop The HIT Coalition represents the nation’s small business owners, their employees and the self-employed who are actively working to repeal the Health Insurance Tax. Since the Coalition’s formation in 2011, it has grown to include more than 35 national organizations, representing millions of small business owners across the country.
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