Repeal HIT on consumers and small businesses
By David Burton, Senior Fellow in Economic Policy, Roe Institute for Economic Policy Studies, Institute for Economic Freedom and Opportunity at The Heritage Foundation.
After a one-year moratorium, a new Obamacare tax will kick in this January. As a result, premiums for individual and small group health insurance plans will increase by 2 percent to 3 percent.
The tax will have little effect on large employers and their employees because large firms usually self-insure. But small businesses and families who buy their own coverage will bear the cost of this hidden tax. It should be repealed.
*This piece originally appeared in The Washington Times. To read click here.