The Obama Administration is particularly proud of the small business friendly provisions in the Patient Care and Affordability Act. For example, there is a tax credit available for small employers that pay at least half their low-wage employees’ health insurance premiums (“low-wage” here means earning $11.50 an hour or less).
It turns out that only 170,300 small employers from a pool estimated at between 1.4 million and 4 million eligible firms claimed the tax credit. The cost of the credit, pegged by the Congressional Budget Office at $2 billion in fiscal 2010, was only $480 million.
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