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As an owner of 2 small businesses I provide health care for my employees but the costs are staggering - currently around $80,000.00 annually. The problem is that recently those costs have been increasing by 13 to 15% annually and by 2011 the cost of coverage will be well over $100,000 annually. More than I pay in taxes and soon more than I will be able to afford without shifting a disproportionate amount of those costs to my employees. I welcome higher taxes on small business owner because I know those increased taxes cannot possibly be as high as my health care costs and it wil ensure all of my employees have health care coverage - a great social benefit for a small increase in my personal taxes. A fair trade off by any measure.
posted 3 years, 9 months ago
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