A Rare “Win-Win” For Small Businesses, State, and Vermonters

A Rare “Win-Win” For Small Businesses, State, and Vermonters

The Vermont Chamber continued its testimony in support of healthcare legislation that would keep the small group market separated from the individual market throughout 2025. S.54 would ensure small businesses benefit from not shouldering the added weight of subsidizing premiums for the individual market, the state wins by accessing more federal funds, and individuals benefit from additional subsidies. The bill was voted out of the House Health Care Committee and is expected to be on the House floor next week. While S.54 is considered a win-win, the Vermont Chamber reminded legislators that this bill does not address the root problem.

The problem of cost-shifting will remain in the years ahead and stakeholders will have to return to the table later to fully understand what re-merging the market would mean financially to small businesses that represent only 6% of the health insurance landscape. The Vermont Chamber will remain engaged to ensure policymakers work towards a plan that ensures small businesses do not get burdened with the full cost of holding the individual market harmless in 2025.

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House Commerce Bill Bolsters Workforce and Economic Development

House Commerce Bill Bolsters Workforce and Economic Development

H.484 would enhance workforce and economic development opportunities by investing $40 million in recruitment and retention strategies. The bill includes several initiatives to engage young professionals, adult workers, the climate workforce, the higher education system, and college graduates. The bill also makes economic development investments in the Vermont Training Program, a rural industry development fund, and brownfield remediation. In recent weeks, the Vermont Chamber worked to identify over $10 million of funds from the embattled FY23 COVID Worker Relief Program to be reallocated for workforce development programs in H.484.

The House Appropriations Committee is expected to take additional testimony on this bill next week and the Vermont Chamber will continue to advocate for solutions to workforce recruitment and retention challenges. A complete bill summary is available, here.

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Politics Upstages Good Policy, Housing Bill Falls Short

Politics Upstages Good Policy, Housing Bill Falls Short

Despite housing being the single most important issue this session for every constituency in the state, Senators have bypassed the opportunity to make legislation that is strong enough to make meaningful progress to solving the crisis. S.100 passed the Senate following a week of intense work by lobbyists to vote down an amendment offered by Senator Thomas Chittenden (D-Chittenden Southeast) that would call for more housing to be built. Despite a strong fight by several legislators, as stated by Senator Ann Cummings (D-Washington), legislators are left “living in a fantasy world if we think anything we are doing is going to solve the housing crisis.” Senator Randy Brock (R-Franklin) agreed with the sentiment, stating that legislators are saying “the house is on fire and we’re arguing about whether the fire truck should go 30 mph or 35 mph.”

Senator Chittenden’s amendment would have reinstated some of the important balance in reforms to state and local regulatory and zoning barriers that were crafted by the Senate Economic Development, Housing, and General Affairs Committee. Minor adjustments would make an important difference in the number of units of middle-income housing that developers can build to help alleviate Vermont’s housing crisis. Ultimately, the amendment was voted down on party lines.

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