Women’s business organization supports legislative efforts to extend the moratorium on the HIT tax or eliminate it altogether
Washington, D.C. —The National Association of Women Business Owners (NAWBO) is supporting bipartisan efforts in the U.S. Senate aimed at extending the current moratorium on the Health Insurance Tax (HIT) or eliminating it altogether. NAWBO sent letters of support to the Sponsors and original Co-Sponsors of S. 172 – the Health Insurance Tax (HIT) Relief Act of 2019, which would delay the annual fee on health insurance providers until after 2020, and S. 80 – the Jobs and Premium Protection Act, which would permanently repeal the HIT tax.
S. 172 was sponsored by Senator Cory Gardner (R-CO) as well as original Co-sponsors Senators Jeanne Shaheen (D-NH), John Barrasso (R-WY), Doug Jones (D-AL), Tim Scott (R-SC), and Kyrsten Sinema (D-AZ). S. 80 was sponsored by Senator John Barrasso (R-WY) with Senators Cory Gardner (R-CO) and Kyrsten Sinema (D-AZ) serving as original co-sponsors.
In the letters, Chair of the NAWBO National Board Molly Gimmel wrote:
“As you know, small business owners make tremendous contributions to our nation’s economy but health care costs rank consistently high among their concerns and impediments to sustainability and scaling. By extending the current moratorium on the HIT tax, your bill would bring cost relief to the self-employed, small business owners and their employees. We applaud you for your effort on this important issue in a bipartisan manner.”
NAWBO National supports common-sense bipartisan solutions to helping improve the business environment for women business owners nationwide. To see the 2019 Public Policy Agenda for NAWBO National, click here.
Founded in 1975, NAWBO is the unified voice of America’s more than 10 million women-owned businesses representing the fastest growing segment of the economy. NAWBO is the only dues-based organization representing the interests of all women entrepreneurs across all industries. NAWBO develops programs that help navigate women entrepreneurs through the various stages of their business growth.
To learn more, please visit www.nawbo.org.