Tax credit in Obamacare not big enough for small businesses to start offering benefits?
Fewer businesses than expected have been taking the tax crediThe Congressional Budget Office initially estimated that the credits would total $2 billion in 2010, but instead businesses only claimed $468 million, according to the GAO,
Similarly, a recent report from the advocacy group Families USA said that as many as 2.5 million businesses were eligible for the tax credit but failed to claim it.
GAO said it couldn't pin down the number of eligible businesses, but concluded interest has been limited in part because the credit is too small. It's not big enough to change the minds of companies that aren't offering healthcare coverage, GAO said, citing interviews with small businesses and insurance brokers.
Read More: http://thehill.com/blogs/healthwatch/taxes-and-fee...
- HOMBRE 2012/05/23 02:46:47
+1Man kill Obama-Care already. geeeeshreply - DJPanicDC 2012/05/23 02:46:31
Companies should not be offering healthcare anyway it should be a government programreply - LADY LIBERTY SILLY WORDSMITH 2012/05/23 02:44:31
+1NO ONE WILL BENEFIT OBAMA's TAX CREDIT IN OBAMACARE!reply - westernslope~PWCM~JLA 2012/05/23 02:44:05
+1surprise, surprise, surprise
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