BATON ROUGE, LA (WAFB) - A national group who represents some small businesses in Baton Rouge says the Supreme Court's ruling on President Obama's Health Care Overhaul will bring on an onslaught of taxes and mandates.
Here are the details: Businesses with fewer than 50 employees would be exempt from the mandate. However, a small business could earn tax credits for paying employee premiums if it chooses to. Businesses with 50 or more employees could opt out and pay a penalty, which might be cheaper than the premiums.
Businesses with more than 50 employees will be blocked from forcing employees to pay more than 9.5 percent of their household income in premiums. However, the New York Times has pointed out that employers have no way of knowing an employee's household income, and cannot determine whether an employee's required premiums would be deemed "unaffordable" and subject the employer to penalties.
Renee Amar, Louisiana director of the National Federation of Independent Business says she is disappointed by the U.S. Supreme Court's healthcare ruling. "This mandate has now become a tax on all Americans and a broken campaign promise from President Obama not to raise taxes. Under the health-care law, small-business owners are going to face an onslaught of taxes and mandates, resulting in job loss and closed businesses," Amar said in a prepared statement.
John Overton helps run Turn Key Solutions, a small business in Baton Rouge. His company helps other small businesses with electronic medical records.
Overton calls today's Supreme Court decision egregious.
"This is going to affect virtually all of my clients. The trickle down affect is not going to be subtle at all, very direct. This is a tax and a mandate and those hurt business."
The Obama administration says this law is meant to help workers and employers with skyrocketing healthcare cost.
Overton says Thursday's decision and the extra costs that come with it might hamper expansion. "A lot of people who are on that threshold were looking at hiring number 50 or 51 will say 'maybe we can't afford to do that, cause if we do that, this whole new mountain of taxes and mandates is going to apply.' It's going to stifle growth," he said.
Overton says he will work with other owners and fight for a repeal of the healthcare overhaul.