As details emerge regarding a potential delay of several ACA taxes, Stop The HIT’s Executive Director Elena Tompkins released the following statement:
“While we welcome the suspension of the health insurance tax (HIT) in 2019, small businesses need help now. It’s critical that policymakers provide urgent relief and much-needed certainty by suspending the tax immediately for 2018 and 2019. Millions of small businesses — as well as seniors, middle-class families, and consumers — would benefit from a tax rebate this year as a result of HIT suspension. This important step would build on previous bipartisan legislation providing HIT relief and continued support for America’s small businesses and economic growth.”
For more information on the impact of the health insurance tax on premiums, click here. For more information on Stop The HIT, click here.