NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Tuesday, May 4, 2010

Four Reasons Health Care Reform Is Bad For Small Business

  1. Higher Premium Costs.
  2. Ineffective Small Business Credit
  3. High Cost to Comply
  4. New Taxes
Health care is a huge and growing sector of the U.S. economy. Roughly 16 percent of the gross domestic product, $2.1 trillion is spent on health care.

In addition, government is responsible for approximately 50 cents out of every dollar spent on health care because of the huge and rapidly growing government health care programs: Medicare, Medicaid, SCHIP, and state and public health care programs. Government financing means government control, and government control means less personal freedom.

The recently passed health care overhaul will also hurt small-business growth by increasing premium costs and raising taxes on investment income, argues John Ligon of The Heritage Foundation. In addition, tax credits in the bill are ineffective and inadequate to offset added costs, and there are increased costs to small business just to comply with the new law.
 
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