Key executives of several industry organizations issued press statements following President Obama’s re-election on Tuesday. The following are excerpts.
“Yesterday the American people spoke and re-elected President Obama for another term while maintaining the status quo in the House and Senate,” said Robert O. Smith, president of the National Association of Insurance and Financial Advisors (NAIFA), Falls Church, Va. “The President has many tough challenges ahead but he has also pledged to represent all Americans.
The need to repeal the Health Insurance Tax (HIT) on small business has received high bipartisan support during the 112th Congress with legislation in the House, gaining 226 co-sponsors and with companion legislation in the Senate.
“We encourage President Obama to make good on his praise of small business during the campaign by working with the new Congress to repeal this tax which is already holding back hiring at the small business level,” Austin adds.