Political Quotes

On the recordMay 12, 2004
I am a former employer. I started a business in 1975; and I met payroll for 28 years, 1,400-and-some consecutive weeks. I was one of the first employers in my industry to provide health insurance for my employees. It was a difficult thing to do because of all of the Federal constraints that made it difficult for a small business to compete with large business. This is rooted back in World War II when there were wage and price controls, and employers that tried to find a way to offer additional benefits or wages to their employees were able to deduct health insurance benefits for them as an expense and then offer that as a quasi-raise or in the form of a benefit, an increase in compensation for their employees. The legacy of that remains today in Federal law. We have legislation that continually makes it difficult to have the flexibility necessary for businesses to work with their employees so that they can have a legitimate health care plan. H.R. 4279 helps us so that we do not have to jump around that one or find another way to get things done.
Said by
Steve King
Republican · Iowa

Editor's note · Context

Discussing the challenges small businesses face in providing health insurance and supporting H.R. 4279.

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