Health Insurance Tax Credits Too Paltry For Small Biz: GAO

Law360, Washington (May 21, 2012, 7:07 PM EDT) -- The vast majority of small businesses haven’t taken advantage of government tax breaks aimed at providing health insurance for low income employees because they say the breaks are too small, a U.S. Government Accountability Office report showed Monday.

According to the report the government only issued $468 million in Small Employer Health Insurance Tax Credits in tax year 2010, although the GAO initially expected $2 billion would be needed to cover the program. Of an estimated 1.4 million to 4 million eligible employers, only 170,300 small...
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