Comment: “It’s as if the Affordable Care Act’s tax credits for small business were designed to fail.” We couldn’t have said it better.
“It’s as if the Affordable Care Act’s tax credits for small businesses were designed to fail: Six years after Obamacare was enacted, few companies are taking advantage of tax breaks that were supposed to make health insurance more affordable.”
“Only 181,000 small businesses claimed the Small Employer Health Insurance Tax Credit in 2014, according to the Government Accountability Office. That’s only a fraction of the 1.4 million to 4 million small businesses that were estimated to be eligible for the tax break, which covers a portion of an employer’s contributions to their workers’ health insurance premiums.”
Why Obamacare’s tax credits failed small businesses
Kent Hoover, Washington Bureau Chief
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