IRS pitches tax credit for health insurance

google ^ | 5/18/10 | ap

[Nachum]

WASHINGTON — Pitching President Barack Obama's health care law to skeptical business owners, the IRS on Monday will announce ground rules for small firms wishing to claim a new federal tax credit for health insurance. Created under the health overhaul law, the tax credit covers up to 35 percent of the premiums that certain small businesses pay on behalf of their workers. The IRS notice addresses unanswered questions about the benefit, which is available starting this year. The agency's action comes days after the nation's largest small business lobbying group announced it was joining a lawsuit challenging the health care law. The National Federation of Independent Business argues that Congress overstepped its constitutional authority by imposing a requirement that most Americans obtain health insurance either through an employer, a government program or buying it directly.

[Nachum]

The list, ping

[Man50D]

Here's a better pitch to business owners. Abolish the IRS and replace all federal income taxes with a national sales tax(not a VAT) by supporting passage of The Fair Tax Act(HR25/S296)! Fair Tax ping!

[phs3]

psst... if you just forget bout that pesky Constitution
we'll give you free stuff

[GailA]

btt

[GailA]

Our daughter runs her own IT business, she is the only employee. She keeps her head above water as it is only a 2 year old business, but can’t afford to buy health care WE pay her health care premiums...bet we don’t get a tax credit for it. Or her either as she is the only employee.

[bert]

Loan her the money and then deduct the loss when she doesn’t repay.

[o_zarkman44]

The people needs to understand that a subsidy and a tax credit are not the same thing, but they are trying to make subsidy become a tax credit in people’s minds.

[Taxman]

The sooner the American people realize that EVERY SINGLE INITIATIVE, LAW, REGULATION, RULE, ETC. ETC. foisted on them by the Obozo administration is a scam designed to strengthen the government and weaken our FReedoms, the sooner we’ll be able to run the rascals out of Washington, DC and put some Real Americans in charge!

Do I need to say that the Obozo administration REALLY PI$$E$ ME OFF!

[Bigun]

What PI$$E$ ME OFF is an American electorate so foolish as to elect someone like Obozo in the first place!