Melanie Hobson was just explaining (on ABC) how the proposed health care tax credit will work also. Those single persons who buy their own health insurance ... pay the total premium, no employer subsidy ... will be able to claim a $7,500 tax credit.
That would be a boon to the self-employed and owners of small businesses.
A $7500 tax credit, or up to a $7500 tax credit? Or is it a deduction? Was she clear?
Will employer subsidies be treated as taxable income?
Thanks for that added information. Every little bit of light helps. I know this President's instincts are to help the small business person - he has been a very vocal champion of small business people! He sees them as the heroes of this economy! I do too. So doing things to help this group is a welcome effort. I heard him talk - again - about giving small business people the ability to be in associations that get big healthcare choices....because they are serviced by companies that benefit from serving large groups of people/businesses. This has been a goal of this President. I don't know why it can't be accomplished.