Our Supreme Court really surprised me this time. I was never optimistic that the Court would declare the entirety of President Obama’s Healthcare Reform law unconstitutional, but I also never had any doubt regarding what the Court would do with the individual mandate. I thought all signs pointed to a decision where the mandate was ruled out and the remainder of the law, including the Tan Tax, was left standing. I was wrong.
If there is any good news, it is that the segment of the electorate who oppose the legislation will be energized and active going into the November elections – thereby setting the stage for meaningful changes in spending and tax policies. The other good news with this decision is that the Court redefined the law as an even bigger tax on the American people; this will focus a spotlight on the far-reaching consequences of all the taxes contained in the law, including the Tan Tax. As the thousands of business owners in this industry can attest, taxes have serious consequences for small businesses and their employees.
There are still many in Congress who understand the need to address the deficit and taxes in a comprehensive fashion and we will continue to work closely with them through this session and next year. I still have no doubt we will see the Tan Tax repealed.
Thanks,
Rob Quinn
