“One business owner at the roundtable, Rick, reiterated that politicians in Washington need to understand that each new tax or expense isn’t just some exercise in congressional budget scorekeeping—these are a real-world bur- dens that harm businesses and make it difficult to keep the doors open and workers em- ployed. This business owner wasn’t talking about it as an abstract economic theory; rather, he was worried that his business cannot handle the influx of new expenses. Rick asked me to make sure that leaders in Washington are fighting for Main Streets across the nation. Rick is right. As a small business owner my- self, I believe that we need to continue to re- mind Members of Congress that small businesses are the lifeblood of our economy and that we need to encourage a healthy environment that promotes innovation and entrepreneurship.
“According to research by the National Federation of Independent Business Research Foundation, the Health Insurance Tax, also known as the HIT, will jeopardize between 152,000 and 286,000 private-sector jobs across the U.S. by 2023.
“The harmful and misguided Health Insurance Tax will add a new strain to small businesses on Main Street. Illinois is home to more than 1.1 million small businesses, which employ more than 2.3 million workers. That is why I am a cosponsor of H.R. 928 and why I encourage my colleagues in the House on both sides of the aisle to do the same.”