Health Care Tax Credit

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Health Care Tax Credit

A tax credit available to some small businesses that provide health insurance for their employees. The health care tax credit is a direct, dollar-for-dollar reduction in a business' tax liability up to a certain percentage of the premium it pays for employee health insurance. The credit phases out for average employee incomes between $25,000 and $50,000 and for business with between 10 and 25 full-time employees. This credit became available in 2010.
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52 percent of small businesses already offering insurance said they would be more likely to continue providing it because of the small business healthcare tax credits
I will then work with Congress to repeal Obamacare and replace it with initiatives that restore a true free-market in healthcare, such as expanded access to Health Savings Accounts and individual healthcare tax credits and deductions.
Other respondents cite healthcare tax credits (11% pre-Katrina and 10% post-Katrina), more competition among health plans (10% pre-Katrina and 11% post-Katrina), self-employed tax deductibility (9% versus 7%), medical liability reform (7% versus 8%), health savings accounts (6% versus 7%), flexible spending accounts (5% versus 3%) and instituting a national healthcare plan (4% versus 1% post-Katrina).

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