“Arrested Economic Development”: ObamaCare “Scares the Daylights” Out of Small Businesses
The folks at the House Republican Conference led by Rep. Cathy McMorris Rodgers (R-WA) put together this video on the train wreck that is the president’s health care law. Not only is ObamaCare being enforced by the IRS – the same agency that’s targeted conservatives and given preferential treatment to liberal groups – it’s driving up costs and “scar[ing] the daylights” out of small business owners.
In fact, according to a new Gallup survey, ObamaCare “could be a significant drag on the U.S. economy.”
More than half of small business owners – 55 percent – “expect the money they pay for healthcare to increase,” says Gallup. The Washington Post says “a new tax on insurance providers” has many small business owners worried that “the health-care law will mean higher premiums for them” – which could mean higher costs and lower wages for employees. “Small businesses could see rates climb by 50 percent,” wrote The Hill, highlighting a recent survey of insurers by the Energy & Commerce Committee.
These fears are already having a real world impact – “41% of small-business owners say they have held off on hiring new employees and 38% have pulled back on plans to grow their business,” says Gallup. “One in five (19%) have reduced their number of employees and essentially the same number (18%) have cut employee hours in response to the healthcare law.”
The House of Representatives votes tomorrow to fully repeal the president’s health care law. Learn more about this vote, and other successful efforts to repeal or defund parts of the law, here.