The White House is on a full-scale blitz to tout the benefits of the new health care law for small businesses. They are selling the tax credit, the exchanges and some insurance reforms as the major pieces that will help small businesses. While the exchange still needs to be developed (will purchasing insurance through the government-hosted exchange really be as simple and affordable as claimed?), the 35% tax credit for low-income workers in businesses with fewer than 25 employees may help some out there. Remember, the credit is temporary and its use is restricted to certain sized companies that have a low-wage workforce.
The overall costs of the massive health overhaul along with higher taxes, employer mandates and new administrative burdens on the business sector have most in the small business community very skeptical about the "benefits" of the new law. View my latest interview on Fox Business, where I cover just a few issues of concern from the business perspective:
http://video.foxbusiness.com/v/4128441/health-reform-could-hurt-small-biz?playlist_id=87185
Karen Kerrigan, President & CEO
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