Shumlin Says 11.5 Percent Payroll Tax “Might Hurt” State’s Economy
Gov. Peter Shumlin’s decision last week to abandon his push for a single-payer
healthcare system in his state is being seen as a major setback to single-payer
advocates across the country. Shumlin’s admission that an 11.5 percent payroll
tax on businesses and raising premiums up to 9.5 percent of individuals’ income
“might hurt our economy” could represent the death knell for the effort.
NFIB spokesman Jack Mazloom noted, “If cobalt blue Vermont couldn’t find a way
to make single-payer happen, then it’s very unlikely that any other state
will,” adding, “There will never be a good time for a massive tax increase on
employers and consumers in Vermont, so they should abandon that silly idea now
and get serious.”
White This Means For Small Business.
An end to the threat of higher
taxes that would come with a single-payer system would be a welcome development
for most small businesses.
Politico reports on Shumlin’s decision to drop
his push for a single-payer system in Vermont.
This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.