For Immediate Release
The Stop The HIT Coalition, which represents small business owners, their employees and the self-employed, issued the following statement following passage of a two-year delay of the Health Insurance Tax (HIT) in the Increasing Access to Lower Premium Plans and Expanding Health Savings Accounts Act.
“Today’s vote to suspend the HIT for two years is a tremendous step forward for millions of small businesses and their employees who face undue costs from the tax. The Stop The HIT Coalition applauds the long-standing support from our champions – Representatives Kristi Noem (R-SD), Kyrsten Sinema (D-AZ), Jackie Walorski (R-IN) and Ami Bera (D-CA) – along with House Leadership and all others who helped advance this critical relief. We now urge the Senate to take up this two-year delay as soon as possible and provide small business owners and their employees with immediate and necessary cost savings of as much as $570 on average in the small group market.”
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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.
Additional information may be found at www.stopthehit.com | Twitter: @StopTheHIT | YouTube: https://www.youtube.com/user/StopTheHIT | Blog: http://www.stopthehit.com/blog | Facebook: https://www.facebook.com/StopTheHIT