May 4, 2017
Atlanta—Today, the Job Creators Network commends the U.S. House of Representatives for passing the American Health Care Act of 2017 (H.R. 1628)—which repeals many of the provisions of the Affordable Care Act that left small businesses with sky-rocketing healthcare costs. The significant reduction in government overreach in the healthcare market will benefit small businesses across the country—allowing them to create more jobs and hire new employees.
More specifically, the new healthcare legislation removes the penalties for Obamacare’s individual mandate, expands small business tax subsidies, and repeals several of the taxes and regulations associated with the not so affordable, Affordable Care Act.
Alfredo Ortiz, President and CEO of the Job Creators Network, released the following statement:
Small businesses have been crushed by the rising healthcare costs that have accompanied Obamacare—with roughly 20 percent price increases every year since its implementation. And unlike big businesses that are able to mitigate the negative effects of rising healthcare costs, small businesses are operating within tight budget constraints. A small fluctuation in the cost of health insurance can be the difference between keeping their doors open or going out of business. This legislation will be a game changer for small businesses everywhere and will be another big win for Trump’s administration—which has already slashed burdensome regulations and proposed lowering taxes for pass-through small businesses.