AB 8 Health Care Tax Press Conference
The plan to raise a 7.5% tax on employers, either into a direct health care plan or paid into a state fund, known as AB 8 was the topic at a press conference at the main Capitol Press Room, #1190 this morning. Assembly Republican LeaderMike Villines andSenate RepublicanLeader Dick Ackerman led the conference in exposing the perils for the business and job climate for our state should AB 8 become law.
Several speakers advocating for small businesses spoke as well, including John Kabateck of NFIB, featured in today’s FR, who highlighted the critical role thatsmall businesses play in California’s economy and job market, includingthat AB 8 would likely cause the loss of 249,000 jobs, mostly entry level, service and construction that new employeess need to enter the work place. This could mean 1/3 of all new jobs over the next 5 years.
Other speakers spoke of how it affects their own small business and that it’s a disincentive to even hire employees to begin with, including James Duran of the California Hispanic Chamber of Commerce with comments on how ithurts his members.
The fact that this is being pushed on a simple… Read More