The Stop The HIT Coalition, which represents small business owners, their employees and the self-employed, issued the following statement in response to inclusion of a 2-year delay of the Health Insurance Tax (HIT) in the House Ways and Means Committee’s Retirement, Savings, and Other Tax Relief Act of 2018 and the Taxpayer First Act of 2018.
“The Stop The Coalition applauds the House Ways and Means Committee for supporting small businesses and their employees by including a 2-year delay of the Health Insurance Tax (HIT) in their end of year tax-relief package, the Retirement, Savings, and Other Tax Relief Act of 2018 and the Taxpayer First Act of 2018.
Small businesses and their employees urge House Leadership to protect more than 142 million Americans who would be seriously harmed by the HIT if it returns in 2020. By extending HIT suspension for the next two years, Congress would save hardworking families roughly $480 each of those two years, providing critical stability and certainty at a time when healthcare costs continue to increase. There has never been a more important time for Congress to prioritize HIT relief for millions of Americans.”
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About Stop The HIT: The Stop The HIT Coalition represents the nation’s small business owners, their employees and the self-employed who are actively working to repeal the Health Insurance Tax. Since the Coalition’s formation in 2011, it has grown to include more than 35 national organizations, representing millions of small business owners across the country.
Additional information may be found at www.stopthehit.com| Twitter: @StopTheHIT | YouTube: https://www.youtube.com/user/StopTheHIT| Blog: http://www.stopthehit.com/blog| Facebook: https://www.facebook.com/StopTheHIT