FOR IMMEDIATE RELEASE



Media Contact
Janel Knight Trulear
janel@emccommunications.com
(617) 875-6581

STATEMENT: Small business owner urges for extension of ACA Premium tax credits at press conference with House Minority Leader Hakeem Jeffries, Democratic Caucus on Capitol Hill 

Statement by Claire Sachs, founder of TPAC Consulting in Washington, DC and Small Business for America's Future network member

WASHINGTON, Sept. 19, 2025 – “Congress is about to price 5 million small business owners   out of healthcare coverage. When the enhanced Affordable Care Act (ACA) premium tax credits expire at year's end, we're looking at premium spikes averaging 20% that will force closures across Main Street.

“I know what losing healthcare stability would mean for small businesses like mine. My insulin pump costs $7,500, and the insulin itself runs $12,000 a year. Without coverage, my annual medical bills would top $30,000, an impossible burden for a small business owner operating with tight margins.

“Before the ACA passed, insurers would have rejected me outright because of my chronic conditions, trapping me in corporate jobs for coverage. The passage of the ACA and these tax credits finally let me launch my own business in November of 2021. If the credits expire, I will likely have to close my doors and look for a job that offers health insurance.

"Small businesses are getting crushed by tariffs, inflation, and tax policies that favor our large corporate competitors. We cannot absorb an enormous healthcare cost spike on top of everything else. For many businesses, this increase will be the final blow. A Small Business for America’s Future survey shows 55% of small businesses have owners, employees, or families who rely on premium tax credits. There are 30 million small businesses in America employing half of the country’s workforce. This could take millions of productive people out of the economy. 

“Extend the enhanced premium tax credits now. Small businesses built this economy, and we deserve healthcare that doesn’t bankrupt us.”

To schedule an interview with a representative from Small Business for America's Future, contact Janel Knight Trulear at janel@emccommunications.com or (617) 875-6581.

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About Small Business for America's Future
Small Business for America's Future is a national coalition of small business owners and leaders advocating for policy solutions that promote a thriving, inclusive economy. We work to ensure that lawmakers prioritize the needs of Main Street, advancing a just and equitable economic framework for small business owners, their employees, and their communities. For more information, visit www.smallbusinessforamericasfuture.org.