Health Care Reform Or Small Business Disaster?

Floor Speech

Ms. FOXX. Mr. Speaker, it's going to be a rough time to be a small business owner if the Democrat health care reform plan becomes law. Their government takeover of health care hits taxpayers with more than $820 billion in tax hikes. This plan also includes a new $540 billion tax on the so-called ``rich'' to bankroll this health care scheme.

The problem? According to IRS data, more than half of those who will be hit with this new tax are small business owners. Small businesses are our economy's engine for job growth. In fact, in the past, they have created 72 percent of all new jobs. If you're like me, you would like to see more job growth right now, not less. But small businesses will be hit hard by the new taxes in this plan, severely hampering their ability to create jobs and help us emerge from this economic downturn.

This doesn't sound like health care reform. It sounds like a disaster.

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