A new story from the AP brings down the smoke and mirrors Nancy Pelosi and the Democrats used to sell the health care law to America’s small businesses.
Promising a tax credit to benefit small businesses turned out to be a good talking point. But as the story reveals, the administration left something unsaid. Under the complex formula that calculates if a small business is eligible for the tax credit, companies with more than 10 workers, that earn more than $25,000 average annual wages, are unlikely to qualify. This creates “winners and losers,” and puts employers in a hard spot: don’t cut employees and wages to be small enough to get the tax credit, or be able to afford health care for their employees. Neither way helps the American people.
Reality again fails to meet rhetoric in the Great Health Care Sell.
Cross posted at Dave Camp.com