U-S Senator Mike Johanns has co-sponsored a bill to repeal part of President Obama’s healthcare law.
The Affordable Care Act mandates that businesses with 50 or more full-time employees must provide government approved healthcare coverage for each employee, or pay a $2,000 fine per employee.
Johanns said this can add up to a total of $42,000 a year in penalties alone for a business that hires its 51st employee. And it’s even more for larger businesses.
He said with the current job market, this is no time to penalize businesses that want to grow and hire employees.
"You can guarantee that their competitors overseas, in places like China, won’t be saddled with the same fines and penalties. That’s why I co-sponsored the bill with Senator Orrin Hatch and some others to repeal this unnecessary mandate and empower the growth of our small businesses.”
Senator Johanns comments came during his weekly conference call with reporters.