Cutting through the smoke and mirrors and political talking points, ultimately the health care reform bill will hurt small business and investment which leads to growth. Imagine that!

To summarize, Obamacare will not only affect small businesses with 50 or more employees, it will hurt business right down to a few employees.

First the medium size businesses, 50-199 employees, will have higher taxes. Higher taxes will lead to either eliminating jobs or increasing prices to offset the additional costs.

Everyone pays for taxes, not the business.

And to think health care is free?

Businesses with fewer than 50 employees may drop coverage.

Next, the tax credit for small business doesn’t really do much. For business with few than 25 employees, say down to 10, with low income, many of these employees will qualify for state health care, thus making this part of the bill useless to small business.

Small business will have increased regulation, as if more is needed, thus creating higher costs for small business. These higher costs may be in hiring someone to keep up with the paper work or additional accounting and office cost. Maybe this is the job creation Obama talks about – in addition to federal jobs. (See 600,000 new jobs – get one.)

Finally on just the short list of reason Obama’s radical health care bill is not good has to do with Medicare and investment taxes. Medicare will increase PLUS a new tax on non-payroll investment money, passive income. With Medicare payroll not being indexed for inflation, more taxes.

With small business being at the heart of America as Obama stated, sounds like we need a new heart surgeon to get business going, not simply a JP signing a DOA statement – aka OBAMACARE.