GOP: Obama policies ‘anti-growth’
Sen. Mike Johanns (R-Neb.) panned taxes and regulations contained in
the healthcare overhaul and other programs, saying they prevent
small businesses from hiring new employees.
In the weekly Republican address, Johanns said the experience of
small-business owners in Nebraska shows the administration’s
“promise to support small businesses really rings hollow.”
{mosads}He
noted that one provision of the Patient Protection and Affordable Care
Act — passed in March — will create expensive and unnecessary
paperwork for owners, and that the new Medicare tax will “hit
businesses that employ between 20 and 200 workers especially hard.”
“You’re signaling to the business owners that they best be very
cautious, not only because of the flurry of new taxes and regulations,
but also because a national energy tax is next on your agenda,” he
said, addressing Obama.
Under the healthcare reform bill, businesses must complete
paperwork from the IRS when they spend more than $600 on goods from
another business. A similar regulation in the past only applied to
services of above $600.
“This foolish policy hammers our business community when we should be supporting their job growth,” Johanns repeated.
The Nebraska Republican has pushed to annul this portion of the overhaul before the Senate recesses.
Meanwhile, in the House, a vote to repeal failed Friday night after
Democrats added corporate taxes to the bill, inhibiting Republican
support.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..