Restaurants create jobs and opportunities for communities of every size, economic makeup, and geographic location. Representing ten percent of the U.S. workforce, the restaurant industry plays a dynamic role in our economy. However, for the over one million American restaurants, the Health Insurance Tax (HIT) has put their role of driving economic growth at risk.
Unless Congress acts, restaurant owners and their 15.3 million employees will be hit with additional premium hikes due to the HIT. The HIT is levied on participants in the fully insured market, where 87% of small businesses purchase their health coverage. If not delayed by the start of the new year, restaurant employees will see an almost $500 increase in their healthcare costs.
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