I, along with so many of my colleagues, support H.R. 2, the repeal of President Obama's healthcare law. This legislation will further harm our economy at a time when we desperately need a robust recovery. The healthcare law is a prime example of how the tax hikes, spending sprees, and government mandates are hurting our economy and making it harder for small businesses to create jobs. That's one reason why we must repeal and replace the law with a common-sense, responsible solution that tries to address the cost of healthcare and provide more coverage to Americans without killing jobs. Removing these barriers will provide the businesses that create new jobs with the certainty they need to hire new employees and get our economy back on track. Instead of encouraging America's leading job creators, last year's Democrat government takeover of healthcare has and will continue to hurt small businesses with more mandates, new taxes and administrative burdens, as well as higher healthcare costs. For example, the healthcare law requires businesses with more than 50 employees to provide government-approved health care. Businesses that fail to do so will be forced to pay a $2,000 penalty per employee (after the first 30 employees). For a small business employing 50 workers without providing government-approved health insurance, adding one additional worker to the payroll will result in $42,000 in new government penalties.
Editor's note · Context
The speaker is addressing the repeal of President Obama's healthcare law and its impact on the economy.
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