The Lt. Governor says the bill is “particularly harmful” to residents of Connecticut because “about 95 percent of our citizens do have health insurance.”<\/p>\n
“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. <\/p>\n
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“It contains a number of job-killing provisions that will guarantee lost jobs in our state. <\/span>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.”<\/p>\n <\/p>\n