FBNews: Congress must act to permanently stop the HIT

Posted by Raw Editor on October 20, 2016 in politics |

America’s small business community, including farmers and ranchers, consistently says that controlling the rising cost of health care is the number one concern when it comes to maintaining and growing their businesses. Unfortunately, burdensome regulations and taxes, such as the Health Insurance Tax, or “HIT,” continue to raise their costs.The HIT is a largely unknown tax included in the Affordable Care Act (ACA) that directly raises costs on health insurance plans purchased by small business owners, their employees, and the self-employed. The tax has a particularly hard impact on farmers and ranchers across the country who are often on the hook for purchasing their own health care coverage for themselves, their spouses and their families.

Source: FBNews: Congress must act to permanently stop the HIT

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