Members of the South Carolina Chamber of Commerce have lauded Sen. Tim Scott for his role in getting the PACE Act signed into law.
Under the Affordable Care Act, the definition of a "small business" would have been 100 employees or fewer rather than the current definition of 50 employees or less.
Had the definition of small business doubled in size in January as was planned, healthcare premiums would have risen for about 900 chamber members who would have been impacted by this provision in the law.
“We applaud Sen. Scott for his leadership on mitigating harmful effects the Affordable Care Act could have on small businesses," said Tim Pitts, S.C. Chamber president and chief executive officer. "Had this expansion of the ACA taken place, roughly 900 of the South Carolina Chamber’s members would have been impacted with higher healthcare premiums and fewer options for themselves and their employees.
"As I talk to our members, some of the biggest impediments to growth and job creation continue to be burdens like the ACA that the federal government places on businesses," Pitts continued. "The South Carolina Chamber supports efforts at the federal level to remove red tape to allow our businesses to grow here in South Carolina, and we thank Senator Scott for looking out for the business community at home.”
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