On the recordJanuary 19, 2011
I thank the gentleman for yielding time. Mr. Speaker, last week Federal Reserve Chairman Ben Bernanke said that the economy cannot begin to recover until small businesses prosper. Well, the overreaching and burdensome requirements of ObamaCare will hurt small businesses. And their benefits are not even certain. Small companies, which account for over half of the private sector economy, are more likely to struggle than survive under this law. If I had followed the plan prescribed for my dealership after the government takeover of General Motors, I would have lost the business that my father started 57 years ago. We need to address the years of hard work and the spirit of entrepreneurship that will be destroyed under this law. Small employers have limited autonomy under ObamaCare. The Federal Government is dictating what benefits they must offer and then punishing them for expanding their operations or paying their people more. The choices for small business under ObamaCare are: provide government-mandated health care and face ruinous costs, or drop the coverage and pay fines just to keep those folks employed. If we burden small businesses with the requirements set forth in this law, we hamper the recovery of the U.S. economy and damage the spirit of free enterprise that has made America great for over two centuries. ObamaCare should be replaced with a smaller, more commonsense program.





