Small Business Trade Group Changes its Stance on ObamaCare

Dan Danner, CEO of the National Federation of Independent Business, recently reversed the NFIB's position on ObamaCare and joined the growing number of states which are challenging the ObamaCare mandated health insurance requirement in court. In a recent Wall Street Journal article, Danner argued that ObamaCare is "death by a thousand cuts for small business owners."

Consider that ObamaCare:

• Increases Overall Cost. The Congressional Budget Office recently revised its cost estimate, increasing original projections by $115 billion. The actual price is now estimated to be more than $1 trillion.



• Offers an Illusory Small Business Tax Credit. Less than one-third of small businesses qualify and ObamaCare guarantees the credit for no more than six years.



• Taxes Small Businesses. ObamaCare levies a new $8 billion tax which will be paid almost exclusively by small businesses and individuals.



• Imposes Costly New Regulations on Small Businesses. ObamaCare includes new IRS reporting requirements expected to result in another $17 billion of increased taxation.

The frustrating reality of ObamaCare is that it hinders entrepreneurs' efforts to grow their businesses and, at the same time, fails to control the rising health care costs that limit growth.

National Center for Policy Analysis