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ObamaCare tax credits discourage hiring. Does Barack Obama and Democrats in Congress have little understanding of real-world economics?

A study by the National Center for Policy Analysis shows that tax credits in the new healthcare law could negatively impact small-business hiring decisions.
The new law provides a 50 percent tax credit to companies offering health coverage that have fewer than 10 workers who, on average, earn $25,000 a year. The tax credit is reduced as more employees are added to the payroll. …
Using insurance premium cost projections supplied by the nonpartisan Congressional Budget Office (CBO), the study states that the credit reaches its optimal point at 13 workers, with relief peaking at $36,400 for qualifying business.
After the 13th worker the economics surrounding the credit change, the study says.

http://thehill.com/blogs/on-the-money/domestic-taxes/99387-study-healthcare-law-encourages-small-businesses-to-stay-small

Answer Question
 
Anonymous

Asked by Anonymous at 8:34 AM on May. 25, 2010 in Politics & Current Events

Answers (7)
  • I think a lot of them aren't familiar with the private sector and how it works. JMO.

    QuinnMae

    Answer by QuinnMae at 8:37 AM on May. 25, 2010

  • The career politicians on both sides of the aisle have no clue how it feels to work in the private sector. All the more reason why they all need to be gotten rid of!

    Anonymous

    Answer by Anonymous at 8:40 AM on May. 25, 2010

  • Health Care should just be free, for now, when in crises times as these, I mean if their is to be profit made from bad economy status, it's not in healthcare. It's form of gov't controlling "HEALTH" relations is absurd. Mostly it's for show. Like, now with a bad exposed traumatic display as the gulf disaster again, we aren't using that as a reason as we can just see how BID GOV"T has invaded our resourcing for running our country, so BP is looking silly, and now is just as silly to seek a combination for dragging healthcare issues into the mud. VERY CRUDE!! Now is just a time of survival if anything. WE are living largely on education system staying successfully stable, and keeping healthy, I just don't see the level held in the issues at hand with nonsense like in the gulf, like why did BP go ahead to drill in the first place. Keep our education stable. that is all.
    Anonymous

    Answer by Anonymous at 8:50 AM on May. 25, 2010

  • Health Care should just be free

    There is no such thing as free


    I think they need to add an extra step to the legislative process - the NCPA and CBO should have to review and issue FULL reports (not contingent reports) on all bills before they can be voted.
    NotPanicking

    Answer by NotPanicking at 10:14 AM on May. 25, 2010

  • And, every congressman and senator must read and understand every single word of every bill and the reports on those bills themselves (not a summary written by some intern) before they can be allowed to vote.
    May-20

    Answer by May-20 at 10:31 AM on May. 25, 2010

  • Basically, HCR encourages small businesses to underpay and overwork their staff.

    HCR encourages big businesses to cut benefits (no more premium health insurance plans) or eliminate health insurance altogether.

    Yep, that's helpful.
    mancosmomma

    Answer by mancosmomma at 10:52 AM on May. 25, 2010

  • Let's not forget HCR's new rules about 1099s, making bookkeeping a nightmare for companies who use lots of different suppliers. It actually discourages companies from shopping around for better prices, instead just go to mega-company who can supply everything, because it keeps the paperwork simpler.

    mancosmomma

    Answer by mancosmomma at 10:55 AM on May. 25, 2010

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