House Passes Two-Year HIT Delay
This week, the House passed a bi-partisan bill which included a two-year delay of the Health Insurance Tax (HIT) for 2020 and 2021. The passage of this bill is a major step forward for millions of small businesses and their employees who face undue costs from the tax. NAW will continue working with the Senate by urging them to take up this two-year delay as soon as possible and provide small business employers with the immediate and necessary cost savings of as much as $570 on average in the small group market.
The Stop The HIT Coalition, of which NAW is an active member, spearheaded a letter to House Leadership earlier this month urging immediate action to protect our small businesses and to delay and ultimately repeal the HIT once and for all.
Click here to read the letter.