Thursday, March 29, 2012

Small Businesses say "Yes" to the Affordable Care Act

Harrisburg, PA TODAY, in Harrisburg, RNC Chairman Reince Priebus, Senate candidate Steve Welch, national Committewoman Christine Toretti, state vice-chairman Joyce Haas and Gene Barr, president and CEO of the Pennsylvania Chamber of Business and Industry gathered to discuss the impact of the Affordable Care Act on Small Businesses.

But the GOP presser lacked significant representation by actual small businesses.

So, in response, Know Your Care and Keystone Progress held a press call with the businesses that will actually be impacted by the Affordable Care Act.

Pennsylvania based small business owners Richie Tabachnick, Charlie Crystle and Pat Clark joined Rhett Buttle of the Small Business Majority to discuss via teleconference the ways in which the previous insurance system was unsustainable, and how they will benefit from the Affordable Care Act, as well as the consequences of repeal.

“Nationwide, we expect that the Affordable Care Act will allow small businesses to really leverage their buying power when it comes to health insurance,” said Rhett Buttle, Government Affairs Director of Small Business Majority.

The tax credit is also expected to impact their bottom line. Companies with 25 or fewer full-time-equivalent employees averaging less than $50,000 annually in salaries can claim a tax credit of up to 35 percent on health-insurance costs.

Anyone who says the Affordable Care Act is damaging to the economy and small businesses are misrepresenting the facts. These tax breaks will help us create jobs. This law has benefited us by lowering our costs and allowing us to hire more people,” said Ritchie Tabachnick, President of Equipment and Controls Africa.

“I have taken advantage of the small business tax credits, I am excited to find out we are going to see more choice and quality under the Affordable Care Act,” said Pat Clark Managing Partner of Jackson/Clark Partners.

Ultimately, the Affordable Care Act provides excellent opportunities for businesses to provide better care for their employees.

No comments: