- Treasury and IRS are creating new certification requirements on small business owners through the regulatory process, without the ability to challenge or comment on the regulations.
- Within the regulations, Treasury and IRS claim that increased health insurance costs, compliance costs, and/or penalties are not a bona fide business reason for business owner to make personnel decisions.
- This new certification requirement sets a dangerous precedent for Treasury and the IRS to tell small-business owners how they can run their business.
- Premiums continue to increase for small business and Obamacare is contributing significantly to the premium increases.
- Obamacare was advertised as a positive to small-business owners, with claims of lowering health insurance costs and increasing health insurance options.
- The promoted benefits to small businesses – the temporary and targeted small business health insurance tax credit and small business exchange – have woefully underperformed and run into delays and technical problems.
- The federal government should certify that Obamacare is not having a negative economic impact on small businesses, not the other way around. If the federal government certifies that the law is having a negative impact on businesses, the employer mandate would be delayed for an additional year.
