Washington Watch - August 12, 2015

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The Nation’s Leading Resource for Entrepreneurs

The NASE was founded in 1981 to provide day-to-day support, including direct access to experts, benefits, and consolidated buying power that traditionally had been available only to large corporations. Today the NASE represents hundreds of thousands of entrepreneurs and micro-businesses, and is the largest nonprofit, nonpartisan association of its kind in the United States.

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About NASE

The NASE was founded in 1981 to provide day-to-day support, including direct access to experts, benefits, and consolidated buying power that traditionally had been available only to large corporations. Today the NASE represents hundreds of thousands of entrepreneurs and micro-businesses, and is the largest nonprofit, nonpartisan association of its kind in the United States.

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Washington Watch - August 12, 2015

Wednesday, August 12, 2015

Bi-Partisan, Bicameral HRA Legislation Introduced, Finally

Leaders in the Senate and House introduced bi-partisan legislation that would allow for small business, 49 or less employees, to provide for Health Reimbursement Arrangements (HRAs) as a means to financially support their employees in the purchase of health insurance and/or other qualified medical expenses.

The Small Business Healthcare Tax Relief Act (S.1697/H.R.2911) championed by Senators Grassley (R-IA) and Heitkamp (D-ND) and Representatives Boustany (R-LA) and Thompson (D-CA), allows for small businesses with 49 or less employees to offer HRAs for premium expenses and/or qualified health care expenses. Efforts during the 113th by Representatives Boustany and Thompson fell short, but given the bi-partisan, bicameral nature of the legislation the NASE is confident that these efforts will be successful.

The House legislation has 25 co-sponsors; 13 Democrats and 12 Republicans.

To learn more about the legislation, please read the NASE's letter of support.

Contact your member of congress and ask them to support S. 1697 (Senate) and H.R. 2911 (House) today. Find your member of congress here.


Senator Vitter Introduces Health Care Deduction Bill for SE

Senator Vitter, Chairman of the Senate Small Business and Entrepreneurship Committee, introduced a huge package of tax deductions for small businesses, including the full deductibility of health insurance for the self-employed.

S. 1827, Small Business Tax Compliance Relief Act, "does not see to alter tax rates or pursue wholesale reforms. Instead, the legislation is mostly technical in nature and provides relief from provisions frequently cited as overly restrictive or onerous for a small business," stated the Senator in a letter to supporters. Read the Senator Vitter's letter.

The NASE has long championed the full deductibility of health insurance for the self-employed. "The inability for the self-employed to deduct the cost of their health insurance is a significant financial burden, increases their tax liability by nearly 15.3% annually than other business owners," NASE in its letter of support. Read NASE's letter of support.

We look forward to working with the Chairman and his colleagues in advancing this important piece of legislation.


Ensuring the healthcare system works for all- Op-Ed (The Hill)

Published on July 27, 2015, the NASE argued for continued changes to the ACA that ensure that the self-employed have access to affordable and accessible health insurance, specifically the access to Health Reimbursement Arrangements. Read the entire Op-Ed here.


Washington Watch Online

Visit NASE Advocacy to view archived editions of Washington Watch. While you’re there, read the latest updates from the Washington, D.C. office, write your Congressperson, and find out how you can join the fight for micro-business.

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Courtesy of NASE.org
https://www.nase.org/about-us/2015/08/12/washington-watch---august-12-2015