Thursday, May 5, 2011

Small Business and Families Under Attack From Republicans -The Dangerous and Misleading "No Taxpayer Funding for Abortion Act"




Small Business and Families Under Attack From Republicans -The Dangerous and Misleading "No Taxpayer Funding for Abortion Act"

H.R. 3, also known as the "No Taxpayer Funding for Abortion Act," is a dangerous and misleading bill that raises taxes and increases costs on millions of individuals and families and threatens to take away coverage for abortion that women already have.

This fact sheet updates our previous analyses of H.R. 3, which can be found here and here.

See below for a PDF version of this document with citations and sources.

For a more in-depth look at H.R. 3, please see our long fact sheet below.
H.R. 3 Would Raise Taxes on Potentially Millions of Individuals and Small Businesses that Keep the Insurance Plans They Currently Have.

Right now, most insurance plans include coverage of abortion. H.R. 3 makes any small business or individual that has a health care plan that includes coverage of abortion ineligible for the small business health tax credit and the premium assistance tax credit, thereby raising taxes on potentially millions of otherwise eligible small business owners and individuals. If this bill were enacted, millions of individuals and small businesses will face significant increased costs just for keeping the comprehensive insurance coverage they currently have. Below are hypothetical examples of the harm that millions of individuals and businesses would face if they keep their abortion coverage:

    The Small Business Health Tax Credit is worth up to 35 percent of an eligible small business's premium costs in 2010 and will be worth up to 50 percent in 2014. Right now, a restaurant with forty half-time employees, wages totaling $500,000, and $240,000 per year in health care costs will be eligible for the credit. If the restaurant's health insurance plan includes coverage of abortion, H.R. 3 would increase the restaurant's taxes by $28,000.
    A single mother with two young children struggled to find insurance coverage in the individual market. Because the family earned just $24,000 per year and was not offered health insurance through her employer, the family would be eligible in 2014 to buy health insurance through an Exchange and would be eligible for a premium assistance tax credit to help defray its cost. If the family's health insurance plan includes coverage of abortion, H.R. 3 would cost a single mother earning $24,000 per year $3,173 in premium assistance.

There is more here. Republicans are hoping the public has forgotten or does not know that the Hyde Amendment already prohibits the use of taxpayer dollars for abortion. So they are using Big Government to intrude on what is a private matter between individuals and their insurance companies. 

If torture is a good thing, kind of like apple-pie according to Republicans than why are they fighting Senate investigations into torture. Would such hearings give them a chance to brag about all the good things torture has done for America. Or could it be that torture is still illegal, immoral and endangers the lives of our troops and intelligence operatives.

The death of Osama Bin Laden is a good thing. Well it is to most Americans. Conservative Republicans are pissed that the Kenya Muslim Marxist Anti-Christ President succeeded in killing Bin laden where they failed - FLASHBACK: Conservative Media Repeatedly Attacked Obama's Commitment To Fighting Terrorism