Washington, D.C. – Following the introduction of HR 4894 – legislation to delay the health insurance tax (HIT) for 2018 – by Congresswoman Kristi Noem (R-ND), Stop The HIT’s Executive Director Elena Tompkins released the following statement:
“The last thing that small businesses need is a massive tax increase on their insurance coverage this year. We applaud Congresswoman Noem for her continued leadership on behalf of America’s 29 million small businesses and their employees by introducing legislation that would suspend the health insurance tax for 2018. If enacted, the Harmful Tax Prevention Act (HTPA) would provide direct savings to small businesses – roughly $500 on average – through rebates or premium reductions in 2018 alone.
Thanks to Congresswoman Noem’s work, Congress recently approved a bipartisan suspension of the tax for 2019. That suspension should begin now. We urge Members in both the House and Senate to provide relief from the HIT immediately and protect millions of small businesses from this misguided tax.”
For more information on the health insurance tax, click here.
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Media Contact: edixon@reservoircg.com
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