Republicans Pushing Small Business Tax Hike
Not only are House Republicans bringing an unprecedented, radical assault on women’s health care to the floor, if this dangerous, partisan bill became law – it would raise taxes on millions of small businesses.
From Huffington Post:
Republicans Include Tax Hike In Latest Abortion Bill
After a botched effort to pass legislation imposing a 20-week ban on abortions, House Republicans are moving forward Thursday with what’s being dubbed a less controversial bill that codifies a ban on federal funding for abortions.
The bill would do a number of things — including block federal funds for abortion for women who are in the military, who live in Washington, D.C., and who are poor — but one aspect of the legislation that hasn’t received much attention is the fact that it would raise taxes on the vast majority of small businesses.
Under the SHOP exchange, a part of the Affordable Care Act, small businesses receive a tax credit if they include abortion care in their plans. Roughly 87 percent of private plans include abortion services as part of comprehensive coverage, meaning the bulk of small businesses would be hit with a tax hike if the bill, called the No Taxpayer Funding for Abortion Act, were to become law…
Rep. Chellie Pingree (D-Maine) said the legislation is “nonsense” for many reasons, including its tax hike on small businesses.
The bill “penalizes small businesses that offer comprehensive health coverage to female employees,” Pingree said. “It’s just outrageous.”…
House Republican leaders should bring proposals to the floor that would create jobs, increase paychecks for American workers, and strengthen our infrastructure not restrict women’s access to health care and raise taxes on American small businesses.