The Stop The HIT Coalition Launches Web Video to Repeal Health Insurance Tax

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“The Health Insurance Tax: Higher Health Insurance Costs, Higher Costs for Small Businesses, Higher Premiums."

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In the ongoing debate to fight the rising costs of health care for small businesses, The Stop The HIT Coalition took another step, today, by launching a new web video urging Congress to repeal the Health Insurance Tax (HIT). The HIT, found in the Patient Protection and Affordable Care Act, is a costly, unfair and hidden tax, set to take effect in 2014. It will directly increase the cost of health insurance in the small business market and would needlessly stifle economic growth.

The video, entitled, "Repeal The HIT," can be viewed here: http://www.youtube.com/watch?v=NGpnGmMBMlM.

The Stop The HIT Coalition represents the nation's small business owners, their employees and the self-employed. “Repeal the HIT” is the latest tool being provided to these small businesses to convey the message, on a grassroots level, that this looming tax must be stopped.

The HIT will take $87 billion from small businesses' pockets in a decade, affecting the bottom lines of 2 million small businesses and 26 million employees. The HIT will reduce the take-home pay for the average employee with a family plan by nearly $5,000.

For more information, please visit http://www.StopTheHIT.com or follow the Coalition on Twitter: @StopTheHIT.

Begin transcript:

"For small businesses, the HITs keep coming and coming, squashing job creation.

"But, there is one looming HIT we can stop: The Health Insurance Tax.

"The Patient Protection and Affordable Care Act, the new healthcare law, intended to target only insurance companies by assessing a tax in excess of eighty-seven billion dollars between twenty fourteen and twenty nineteen.

"What Washington really did was create a tax that forces insurance companies to pass those additional fees to small businesses, their employees and the self-employed. Fees in the form of higher premiums - over five thousand dollars per family over the next decade.

"It’s one of the largest tax increases in the massive healthcare law. And the HIT will fall mainly on small businesses, restricting growth and opportunity.

"It’s costly, unfair, hidden… But it can be stopped by Congress.

"Repealing the HIT would provide more certainty and affordability to job creators - an economic environment we desperately need.

"The Health Insurance Tax: Higher Health Insurance Costs, Higher Costs for Small Businesses, Higher Premiums.

"Support Small Business. Stop the HIT.

"Tell Congress to Stop the HIT on Small Business... While There’s Still Time."

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Molly Cullen
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