Even without Obamacare, the United States faces rising health care costs and an economy struggling to recover from the recent downturn. Despite its supporters’ promises, the health care law does not solve these problems. A study released today by the National Federation of Independent Business highlights the impact of Obamacare’s new health insurance tax alone on Americans’ health care costs and the health of the economy. Obamacare institutes a premium tax on health insurers that offer full coverage beginning in 2014. Before it became law, Heritage expert Edmund Haislmaier wrote …
Various organizations and media outlets have attempted to refute the notion that government policy is creating uncertainty and hindering economic growth. However, when properly analyzed, the uncertainty argument is a legitimate one. Critics of the uncertainty narrative say that businesses cite poor sales – or lack of demand – not taxes or regulations, as the biggest hindrance to growth. A recent blog argued that the National Federation of Independent Business (NFIB)—the leading small business association—cited that over the past three years, a plurality of its members – 30 percent – …
A lot of news was made this week when the National Federation of Independent Business filed a petition to the Supreme Court appealing the 11th Circuit’s Obamacare decision, which was quickly followed by petitions filed by the 26 state plaintiffs, and another by the Obama Justice Department. What do these filings mean for the future of Obamacare? Click here to join to find out! We are joined by Heritage’s legal expert Robert Alt, and he will be taking your questions about what the petitions mean and what they holds for …
The National Federation of Independent Business (NFIB) stole a march on the Obama Administration this morning by filing a petition with the U.S. Supreme Court appealing the 11th Circuit’s Obamacare decision. The Department of Justice (DOJ) had announced on Monday that it was not going to ask all 11 judges of the 11th Circuit Court of Appeals to review en banc the August 12 decision of a three-judge panel of the 11th Circuit that found the individual mandate unconstitutional. This opened up a path to an appeal by DOJ to …
Late yesterday, the U.S. 11th Circuit Court of Appeals handed the Obama DOJ yet another defeat in the Obamacare litigation—this time related to how quickly the appeal will proceed. Readers of this blog know that the Obama DOJ has been attempting to slow walk its appeal of Judge Vinson’s ruling. Judge Vinson stayed his decision striking down the whole of Obamacare, but only if the DOJ filed for expedited review in the 11th Circuit. The DOJ did file for expedited review on Wednesday, but as Todd Gaziano noted at the …
Research on the last seven recessions shows that small businesses generate about two out of every three new jobs during the recovery. But this time around the Obama administration has crippled the ability small businesses to lead the way in new hiring with their job killing Obamacare legislation. Not only does the bill slap small businesses with an employment tax, new tax reporting requirements, and tons of new regulations, but it is also an unconstitutional extension of federal government power.
The Internal Revenue Service (IRS) recently unearthed yet another undesirable side effect of Obamacare—one that will hit the taxman as well as business owners. The Taxpayer Advocate Service, “an independent organization within the IRS whose employees assist taxpayers,” reports that both the IRS and taxpayers will have trouble complying with the health care law’s extensive new tax reporting regulations. The regs will affect 40 million businesses, from international mega-corporations to Mom-and-Pop shops on Main Street. The Taxpayer Advocate Service says it “may propose administrative or legislative recommendations to modify the …
Thanks to a new tax that takes effect tomorrow, some small-business owners will get a first-hand look at Obamacare’s impact. “The first present we get under this new health care law takes effect this week — and that is the tanning tax,” lawyer and small-business advocate Karen Harned said yesterday at The Bloggers Briefing, hosted by The Heritage Foundation. The tax will hit small-business owners particularly hard, said Harned, who directs the Small Business Legal Center of the National Federation of Independent Business. Approximately 19,000 “mom and pop” small businesses …
One of the great promises of Obamacare, you’ll recall, was that it would give folks working in small businesses better access to affordable care. “It works for small business owners,” Nancy Pelosi announced, “providing access to affordable group rates and creating a tax credit for them to help them insure their employees.” This sounded like it would be a huge help, because small firms struggle to find affordable coverage for their workers. Unfortunately, the Obamacare small-business tax credit just doesn’t get the job done, according to the National Federation …
The National Federation of Independent Business, representing the interests of small businesses across America, today joined more 20 states on the lawsuit challenging the constitutionality of Obamacare. The move is the latest blow to President Obama’s post-passage public relations effort. NFIB’s involvement was prompted by the individual and employer mandates, new taxes and onerous paperwork requirements. An accompanying statement said the Patient Protection and Affordable Care Act would devastate small business, threatening their viability. The lawsuit’s two main legal claims involve the unconstitutionality of the individual mandate. Last month Heritage’s …
