Wednesday, March 24, 2010

How Healthcare Reform Will Affect Small Businesses

This is a good piece from today's WSJ, but if this is the extent of the highly touted small business tax credits that were supposed to make this reform bill such a great deal, think again:

"For tax years 2010 through 2013, organizations with no more than 25 employees and average annual wages of less than $50,000 that purchase health insurance for employees would receive a tax credit that phases out as firm size and average wage increase, according to a legislative summary from the Henry J. Kaiser Family Foundation.

Beginning in 2014, eligible small businesses that purchase coverage through new state exchanges can also receive a tax credit for their contribution toward the employees' health-insurance premium."

Unfortunately there still seems to be far more harm than good in this so-called "reform".

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