Issue Position: Small Business

Issue Position

By: Tom Cole
By: Tom Cole
Date: Jan. 1, 2012

Small businesses are the backbone of the American economy and the best way to end the recession we are currently experiencing and create private sector jobs is by creating an environment where small businesses can thrive. This means keeping taxes low and creating a fair and predictable regulatory environment.

For more than 20 years, small business owners have listed health costs as their top concern. However, rather than help quell these concerns Congress has effectively crippled small business growth by levying new taxes and penalties in support of a massive new healthcare entitlement. This new healthcare law offers some subsidies for small businesses to pay for insurance, but unfortunately these credits would do little to help thwart rising healthcare costs. In other words, small businesses will have to pay more for health insurance than they do now.

Helping employers afford quality health care for their workers and their families would improve the quality of life and remove major obstacles to hiring additional workers. I will continue to support policies that would help small businesses provide health care to their employees through health savings accounts, Association Health Plans or other tax deductions for medical expenses.


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