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What President Obama Forgot to Tell Small Business Owners
Yesterday, President Obama took his so-called Main Street tour to the streets of New York, where he declared his government takeover of health care would “provide welcome relief to small business owners…” However, recent action taken by small business leaders suggests postcards and stump speeches haven’t convinced them ObamaCare is the “relief” they need.
It’s not hard to imagine why small business leaders oppose the president’s government-run health care scheme. According to a recent analysis by the Obama administration, employers – including many small business owners – face $87 billion in new penalties if they are unable to provide government-approved health care.
Many businesses are now considering whether to pay higher health care costs and navigate the new government red tape or drop their employees’ health care entirely and pay the penalty. In a recession that has destroyed 7.8 million jobs, this is a losing situation for both employers and their workers.
In remarks intended to convince small business owners Democrats in Washington are on their side, President Obama decried the “selective memory” of those who dare to oppose his agenda of government expansion. Perhaps not surprisingly, he employed his own version of selective memory in failing to mention the many ways his administration’s actions have harmed the men and women who work for and own our nation’s small businesses.