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.
Asked by Anonymous at 8:34 AM on May. 25, 2010 in Politics & Current Events
I think a lot of them aren't familiar with the private sector and how it works. JMO.
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!
Answer by Anonymous at 8:40 AM on May. 25, 2010
Answer by Anonymous at 8:50 AM on May. 25, 2010
Answer by NotPanicking at 10:14 AM on May. 25, 2010
Answer by May-20 at 10:31 AM on May. 25, 2010
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.
Answer by mancosmomma at 10:55 AM on May. 25, 2010