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PPA Seeks Delay of Costly Tax Penalty for Small Businesses - PPA Today

PPA Seeks Delay of Costly Tax Penalty for Small Businesses

PPA is working to reduce the tax burden placed on small businesses by last year's Patient Protection and Affordable Care Act. One of our goals is to at least delay the implementation of a potentially harmful tax penalty that unfairly targets small businesses.

The penalty at issue (enacted by last year's health care reform law) is intended to prevent employers from selecting health care plans that favor "highly compensated individuals" (HCI). HCIs are currently defined as the top 25 percent of wage earners or the five highest paid officers. This definition is sure to have the greatest impact on small businesses. With so few employees, they will be the group most impacted by this penalty.

Members, click here to read more about this issue.

Read more about PPA's advocacy on Capitol Hill here.

About this Entry

This page contains a single entry by Professional Photographers of America (PPA) published on March 16, 2011 7:12 PM.

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