Bipartisan Bill Introduced To Delay New Health Care Taxes

The Small Business and Family Relief Act was recently introduced, which will delay the health insurance tax until 2016. The tax is scheduled to begin in 2014 and will be levied on health insurance companies – and will ultimately be passed on to small businesses and employees who are covered by their employer. The tax is one of the largest tax increases in the Affordable Care Act. The legislation would offer immediate relief for small employers, despite the fact that the preferred outcome would be a full repeal of the health insurance tax. AGC joined with other stakeholders in the Stop the HIT Coalition in a support letter of the legislation.  While the legislation is bipartisan, it faces many hurdles before it could be enacted. For more information, please contact Jim Young at (202) 547-0133 or youngj@agc.org.