Health Insurance Tax hurts small businesses
Small businesses can use all the help they can get, most especially representatives in Washington who stand up for them and represent their interests. Montana’s small businesses are lucky that they have such champions in Senator Tester and Senator Daines, both of whom recently signed on to legislation to delay the Health Insurance Tax (HIT).
The HIT is a federal sales tax on healthcare plans purchased by small business owners for their employees. At $430 per per family per year, this tax directly raises the cost of healthcare, forcing small business owners to forgo hiring or paying bonuses to their employees.
The Senators understand how this tax negatively affects our state’s small business community. Delaying the HIT allows small business owners to invest in their businesses, thus growing Montana’s economy.
Sen. Tester and Sen. Daines, thank you for supporting legislation to help small employers!
— Richard Miltenberger, Clancy