Let’s face it head on and honestly: our economy is overburdened by taxes and regulations. Our tax code is too complicated. Just like our families, businesses struggle when it comes to filing taxes. Small businesses are hurt most of all. ACA insurance mandates in 2014 raised the employer healthcare premium by 60-110%. Healthcare premiums in Michigan costs more than most employees rent or mortgage dollars per month. Small business pay the lion’s share of the employees rate because they know their employees can’t afford it without their contributions. Healthcare costs are the 2nd largest expense outside of payroll and costs approximately $10 an hour to provide to our citizens. We need to provide relief to our small business owners and our middle-class income families.
Employee benefits cost employers $10.70 per hour in March 2016
~ Bureau of Labor