Talking Points: A Government Takeover of Health Care Will Hurt Small Businesses
The Democrat plan for a government takeover of health care would impose more than $820 billion in new tax hikes.
Democrats want to enact a $544 billion surtax on the so-called "rich" to help pay for their government takeover of health care.
According to data from the IRS, more than half of those targeted under the Democrats' health care "surtax" are small business owners.
Small businesses represent more than 99 percent of all businesses in the country, and have historically employed half of the U.S. workforce and compose half of the total U.S. economy.
In the past, small businesses have created more than 72 percent of new jobs across the country.
Democrats also want to impose roughly $208 billion in new taxes on businesses that cannot afford to pay for their employees' health care.
The result of these new taxes on jobs will be the loss of an estimated 5.5 million jobs.
According to research conducted by Harvard Professor Kate Baicker, minority workers will be twice as likely to lose their jobs as their white counterparts, if the Democrats' jobs-killing tax hikes become law.
Since the current recession began almost two years ago more than 7 million jobs have been lost. The Department of Labor reports that 263,000 jobs were lost in September alone.
Why are Democrats pushing a government takeover of health care that will inflict harm on small businesses and make job losses even worse?
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