"The government set out to discover why so few small businesses have applied for and received the tax credit. They found out that the procedure to file for the tax credit is long and cumbersome and many businesses figured it wasn’t worth the effort."
I'm fairly certain Obama knew the application process would be long and cumbersome. He probably had it designed that way in hopes that only <5% of eligible businesses would apply for it.
Another piece of Obamacare broken. Ya think?
HOMBRE
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Another Piece of Obamacare Broken
When Barack Obama shoved his Affordable Health Care Act down America’s throats, he promised that there would be incentives and tax credits available for small businesses to make health care more affordable. However, that appears to be another promise of Obamacare that is broken.
According to the latest figures, only 170,300 businesses out of more than 4 million that qualify for the small business tax credit have taken advantage of it. That means that only a mere 4.25% of eligible businesses have used the tax credit.
The government set out to discover why so few small businesses have applied for and received the tax credit. They found out that the procedure to file for the tax credit is long and cumbersome and many businesses figured it wasn’t worth the effort.
According to the Government Accountability Office, the businesses that are supposed to benefit the most by the tax credit are the smaller businesses that pay the lowest wages. However, 80% of these businesses don’t offer health benefits and the tax credit is not big enough to entice them to offer the coverage.
Additionally, only 30% of small businesses with 10 or fewer employees offer health insurance benefits. Those that do, pay higher premium costs than larger companies. The tax credit was supposed to help offset those higher costs, but the process takes so much time and effort that the vast majority of them won’t even bother to apply.
The newly discovered broken piece of Obamacare places the administration in a rather difficult predicament. In order to fix the problem they have to turn to Congress for help. With Obamacare in the hands of the Supreme Court who may throw out parts or the whole package, no one in Congress seems willing to do anything to fix the problem.
Additionally, the consensus of the GOP controlled House is to wait and see what the Supreme Court will do and then decide if they will try to fix the small business tax credit or work to repeal Obamacare and start all over with a more workable and affordable healthcare program
Read more: http://godfatherpolitics.com/5473/another-piece-of-obamacare-...
Think about this... the government claims its the elderly and the masses that are on Social Security and the Disabled that are the ones that are COSTING the most.. So, now they have the age limit that it wont be treated with any life saving measures except meds but no surgeries or procedures. When you 59 if you have ANYTHING relating to heart, vascular, high blood pressure and so on.. YOU don't get anything done except meds... WHY IS THIS? because your close to retirement , a risk of needing surgery soon, and YOU WILL NO LONGER BE A CONTRIBUTOR BUT A BENEFICIARY OF SS OR DISABILITY collector.... you are no longer any good to the government.... AKA put out to pasture to die...... live your live out in peace harmony and DIE YOU LEECHES !! IT really isn't put in those words but that's what it amounts too.
A video for your review, hope you like it! And Remember; Obama, "THE ONE ARMED MAN!"
The part that is hard to believe is that he still thinks he has all the support he had in 2008.
I'm fairly certain Obama knew the application process would be long and cumbersome. He probably had it designed that way in hopes that only <5% of eligible businesses would apply for it.