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The Reid Bill and What We Know: Higher Taxes and Less Capital - Higher Health Costs and Red Tape for Small Business
Date:12/17/2009

What we don't know about the secret measures could prove more harmful

WASHINGTON, Dec. 17 /PRNewswire-USNewswire/ -- A leading advocacy group for small businesses said that the secrecy and manipulation that has come to define health care reform in the Senate is not only fueling widespread opposition to the legislation, but also undermines the confidence that is desperately needed to get the economy back on a solid growth track.

According to the Small Business & Entrepreneurship Council (SBE Council), what is already known about the bill will be harmful to small business, job creation and the health care system. What we don't know could prove to be more harmful to the economy, as the covert approach to legislation being crafted creates more uncertainty and public distrust. This, in turn, is making business owners more nervous about the disconnect Democrat leaders continue to flaunt in the face of U.S. fiscal and economic conditions that are rather perilous.

"Business owners can't afford any new burdens imposed on them by Washington. Yet, and in stunning fashion, the Democratic leadership continues to push legislation that will take more capital and resources away from small firms. Entrepreneurs can't create jobs when Congress is planning to take more of their capital, and they certainly can't afford the higher health premiums and new business costs that will result from the Reid bill. Moreover, they are waiting for the other shoe to drop regarding the secret measures that Senator Reid refuses to make public. We are flabbergasted that members of the Senate are actually announcing support for a bill when they have not seen its details," said SBE Council President & CEO Karen Kerrigan.

This failure in leadership is appalling, according to Kerrigan. Business owners and the American people are watching the political circus in disbelief. The overwhelming majority wants reforms that bri
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SOURCE Small Business & Entrepreneurship Council
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