Navigating health care bill’s small business tax credit

Monday, August 16th, 2010

Do you own a small business, or are you involved in its benefits administration?  The new health control bill (HR 3590) has a small business tax credit. But you get it if you satisfy certain criteria, which are a bit complicated to follow.  Representative Dave Camp (R-Mich) of the House ...

Health control legislation - impact on small business

Friday, May 14th, 2010

A summary of HR 3590's impact on small business, from the National Federation of Independent Businesses: (via the Galen Institute)

Health control bill will drown businesses in 1099 tax forms

Monday, May 3rd, 2010

From Chris Edwards at Cato on a little-known part of HR 3590: Most people know about the individual mandate in the new health care bill, but the bill contained another mandate that could be far more costly. A few wording changes to the tax code’s section 6041 regarding 1099 ...

ObamaCare’s impact on taxpayers

Wednesday, April 28th, 2010

The Heritage Foundation has a useful graphic showing the tax increases associated with ObamaCare,  HR 3590, the so-called "Patient Protection and Affordable Care Act." It's from a new report titled Obamacare: Impact on Taxpayers. Here's the abstract: The hodgepodge of new taxes that have already or will soon take effect ...

The Deadly Tax on Medical Innovation

Monday, April 12th, 2010

From Paul Hsieh in Pajamas Media: [A] government that penalizes innovation could dramatically slow the pace of medical progress, leading to millions of preventable deaths. And this may be one of the worst long-range consequences of the recently passed ObamaCare health legislation. One of the many new taxes imposed by ...

Health care bill’s assault on business

Friday, March 19th, 2010

From Investor's Business Daily: If ObamaCare becomes permanent, no one will suffer more than U.S. businesses. They'll face higher taxes, more regulations and a higher cost of capital. But don't take our word for it. Go ask Caterpillar. The heavy-equipment giant reckons its insurance costs will go up 20%, ...

Dems exempt unions from insurance tax

Thursday, January 21st, 2010

Michael Tanner at Cato summarizes: Congressional Democrats received another $68 million from unions in 2008, and $21 million more so far this year. And that doesn't count the value of "in kind" contributions like phone banks, poll volunteers and independent advertising. Looks like the unions are getting their money's worth — with ...

Democrats’ health reform: higher taxes, premiums, & deficit

Tuesday, December 22nd, 2009

Michael Tanner of the Cato Institute has a well-documented article at Sphere explaining some false claims about of the looming health care "reform" (HR 3590) Health care reform will reduce your insurance premiums. Middle-class taxes won't be raised. You can keep your current insurance It will only cost $848 billion. (As if that would ...

Congressional Budget Office hides costs of health care bill

Thursday, December 17th, 2009

By not accounting for the cost to taxpayers of mandatory insurance, the Congressional Budget Office is hiding the true cost of the Senate health care "reform" bill. Michael Cannon at Cato writes that: CBO’s score of the Clinton health plan is that the private-sector mandates accounted for around 60 percent of ...

Senate health bill’s huge tax increases

Thursday, December 3rd, 2009

Writes Cato's Michael Cannon: Amid double-digit unemployment, a record $1.6 trillion federal deficit and a national debt projected to double in 10 years, U.S. Sen. Ben Nelson, D-Neb., voted to bring to the floor of the Senate a health care overhaul with so many job-killing tax increases that it’s hard to ...