Navigation Links
Union Tax Deal a Slap in the Face to Small Business
Date:1/15/2010

WASHINGTON, Jan. 15 /PRNewswire-USNewswire/ -- The announcement late yesterday that the White House brokered a deal with unions to exempt them from the proposed excise tax on so-called "Cadillac" plans delivered a stinging punch to small business. A key concern of small businesses, NSBA has repeatedly called on Congress and the administration to seek alternative methods of paying for the bill as the excise tax will more than likely be passed on to small businesses.

"Contrary to all the pro small-business rhetoric we've heard from Congress and the White House, this back-room deal with unions sends a loud-and-clear message to America's small businesses: we have other priorities," stated Todd McCracken, president and CEO of NSBA.

As reported, the White House agreed to exempt unions from the excise tax on high-cost health insurance plans until 2018, while small business would be forced to pay it starting in 2013. The deal would raise slightly the threshold for the 40 percent tax to plans that cost more than $8,900 for individuals and $24,000 for families. The agreement also included the exclusion of vision and dental from the overall calculation -- a minor concession.

For many months, NSBA has been warning against this tax because it will punish small businesses with plans that cost more simply due to the make-up of their workforce. There is no specific prohibition against insurance companies avoiding the tax by charging higher premiums to all small businesses. Small-business owners will have to complete detailed and complex reports on every single company they use for their benefit plans. Finally, this tax is NOT indexed for medical inflation and will begin to ensnare more and more small businesses every year.

From day one, NSBA has been calling for a more reasonable and fair method of paying for this bill by simply limiting the tax exclusion for employer-provided health insurance.

There is little disagreement that small businesses have been hit the hardest when it comes to rising health care costs -- back in 1995, 67 percent of small businesses offered health insurance, today that number is down to 38 percent. According to NSBA's 2009 Year-End Economic Report -- to be released Jan. 20 -- health care costs are becoming a larger barrier to job growth than they were just six months ago.

"Small businesses are barely staying afloat in this terrible economy and few of us can afford quality health insurance," stated Keith Ashmus, NSBA chair and co-founding partner at Frantz Ward, LLP in Cleveland, Ohio. "Now that this agreement has let expensive union plans off the hook, small businesses are very reasonably apprehensive that we'll be left paying their share of the bill."

Please click here to learn more about what small business needs from health care reform.

Since 1937, NSBA has advocated on behalf of America's entrepreneurs. A staunchly nonpartisan organization, NSBA reaches more than 150,000 small businesses nationwide with members as diverse as the economy they fuel. For more information, please visit www.nsba.biz.

SOURCE National Small Business Association

RELATED LINKS
http://www.nsba.biz

'/>"/>

SOURCE National Small Business Association
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Are civil unions a 600-year-old tradition?
2. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
3. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
4. Medical Services International Inc. Completes Testing for European Union (EU) Application
5. International Watchdog Group Singles Out Resurrection for Anti-Union Violations
6. Union President Praises Hillary Clintons Health Plan
7. Union Members Hold Demonstrations at Philadelphia Nursing Home
8. Unions File Charges Against Tenet Healthcare Corporation
9. Unions File Charges Against Tenet Healthcare Corporation, Three Northern California Hospitals
10. Union Corruption Watchdog Criticizes GM/UAW Deal on Health Care; Says Congress Should Hold Hearings on Lousy Deal for Retirees
11. Reunion with patient inspires follow-up study on treatment for DiGeorge syndrome
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... NJ (PRWEB) , ... October 13, 2017 , ... Global ... at scenic Alexandria Park in Milford, NJ. This free event, sponsored by Global ... physical activity. The fun run is geared towards children of all ages; it ...
(Date:10/13/2017)... ... ... “America On The Brink”: the Christian history of the United States and the ... published author, William Nowers. Captain Nowers and his wife, Millie, have six children, ... in the Navy. Following his career as a naval aviator and carrier pilot, ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ... the introduction of an innovative new design of the shoulder pad. The shoulder ... maximum comfort while controlling your pain while using cold therapy. By utilizing ice and ...
(Date:10/12/2017)... ... , ... HMP , a leader in healthcare events and education, today announced ... Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie ... competition recognizes editorial and design excellence across a range of sectors. This year’s program ...
(Date:10/12/2017)... ... 12, 2017 , ... In the United States, single-family home ... states—like New York, New Jersey, Massachusetts, Texas, Virginia, Connecticut, and California—the average is ... low property-tax rates, which contributes to the relatively lower cost of living in ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... Oct. 4, 2017  According to the Centers for Disease Control and ... October . PhysicianOne Urgent Care is helping communities across Massachusetts ... , by offering no-cost* flu shots through the end of the ... certain health insurance regulations. ... time to get a flu shot is by the end of October, ...
(Date:10/2/2017)... , Oct. 2, 2017  AllianceRx Walgreens Prime, ... formed by Walgreens and pharmacy benefit manager Prime Therapeutics ... new brand, which included the unveiling of new signage ... , as well as at a few other company-owned ... new brand to patients, some of whom will begin ...
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
Breaking Medicine Technology: