The Lt. Governor says the bill is “particularly harmful” to residents of Connecticut because “about 95 percent of our citizens do have health insurance.”
“This bill was repeatedly rejected by the American people and it is especially bad for Connecticut, the insurance capital of the world,” Fedele, a Republican running for governor, said in a statement.
“It contains a number of job-killing provisions that will guarantee lost jobs in our state. It nearly doubles the tax on health insurers and triples the penalty on small businesses who don’t offer health care insurance to their employees from $750 to $2000 per employee and applies the penalties to both part-time and full-time workers. Other provisions raise the top marginal rate on small business owners by 20 percent and the top tax rate on investment income by 60 percent — discouraging economic growth and job creation. These provisions will decimate small businesses and cost Connecticut jobs at the worst possible time.”
Fedele is calling on Attorney General Richard Blumenthal to join other AGs in filing a lawsuit to stop the measure.