Monday, October 20, 2008
What is a Small Business?
Obama keeps saying that small businesses will be exempt from his insurance plan as far as the "fine" is concerned. But here is what his plan actually states (full plan - click link above):
"EMPLOYER CONTRIBUTION. Large employers that do not offer meaningful coverage or make a meaningful contribution to the cost of quality health coverage for their employees will be required to contribute a percentage of payroll toward the costs of the national plan. Small businesses will be exempt from this requirement."
As you can see, there is no definition as to what a small business is. Joe the Plumber has reason to be concerned.
"EMPLOYER CONTRIBUTION. Large employers that do not offer meaningful coverage or make a meaningful contribution to the cost of quality health coverage for their employees will be required to contribute a percentage of payroll toward the costs of the national plan. Small businesses will be exempt from this requirement."
As you can see, there is no definition as to what a small business is. Joe the Plumber has reason to be concerned.
Labels: Health Care, Joe the Plumber, Obama, taxes
