Howard Rich's Blog

August 11, 2009

Health Care “Compromise” A Poison Pill For Small Business

Much ado has been made of the tenuous “compromise” between President Barack Obama and “Blue Dog” Democrats in Washington on the issue of government-run health care. Sadly, the reality is that the latest version of “Obamacare” is still a poison pill for America’s small businesses and the millions of workers they employ.

Most small businesses spend between 60 and 80 cents of every dollar they earn on payroll, which is precisely where Obama’s plan would hit them. Not content with simply bleeding “the rich” to pay for the massive up-front costs of his $1.5 trillion socialized medicine proposal, Obama also wants to impose a massive new tax increase on American small businesses – one that will directly impede their ability to create jobs and stimulate economic activity.

In other words, Obama wants to choke off America’s number one job-creating engine in the depths of a recession that has already cost millions of jobs – all so he can create a government health care monopoly that will not only increase costs but also reduce the quality of care.

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