On the recordMay 25, 2010
Like millions of small business owners across the country, Zach Hoffman had been duped into believing his office furniture store would qualify for the small business tax credit under ObamaCare. Imagine his surprise when after analyzing the numbers, he discovered he would receive zero assistance with the nearly $80,000 in health care premiums he pays for his 24 employees. By Hoffman's calculation, he would need to cut his staff to 10 employees and drastically lower wages to be eligible for the tax credit that the Obama administration previously touted as a lifeline for businesses with less than 25 employees. After seeing his premiums rise 15 percent this year, Hoffman rightly feels his government has ripped him off and eloquently described the situation as a bait and switch. Mr. Speaker, how many promises will ObamaCare have to break with the American people before we repeal this disastrous legislation? Remember when it passed, 52 percent of Americans were against it. Today 63 percent want it repealed.
