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Obama Proposes Small Biz Tax Credits For Health
Democratic White House hopeful Barack Obama unveiled a proposal on Sunday to give $6 billion a year in tax credits to small businesses that provide health insurance plans.
In a speech to Latino voters of the National Council of La Raza in San Diego, Obama gave credit for the idea to Sen. Hillary Clinton, whom he defeated in a hard-fought primary for the Democratic nomination for November’s election.
Under the plan, small businesses would get a refundable credit of up to 50 percent on premiums paid on behalf of their employees. To be eligible, small businesses will have to offer a quality health plan to all of their employees and cover a meaningful share of the cost of employee health premiums.
Photo by asterisc21.
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cassy on December 23rd, 2008 9:09 am
Good idea! small business really needs this, i hope those critics of mr Obama will stop saying that Obama will kill small business. coz they pre judge the incoming president. even if his trying to make an effort for the small business. keep it up mr.president!
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