The law specifically exempts all firms that have fewer than 50 employees – 96 percent of all firms in the United States or 5.8 million out of 6 million total firms – from any employer responsibility requirements.
Republicans aren't fooling anybody that ACA will kill jobs:
The ACA is unlikely to have major aggregate effects on the U.S. economy and on employment primarily because the changes in spending and taxes are very small relative to the size of the economy.
Small employers with fewer than 25 full-time equivalent employees and average annual wages of less than $50,000 that purchase health insurance for employees are eligible for the tax credit.
The maximum credit will be available to employers with 10 or fewer full-time equivalent employees and average annual wages of less than $25,000.
To be eligible for a tax credit, the employer must contribute at least 50 percent of the total premium cost.
For 2010 through 2013, eligible employers will receive a small business credit for up to 35 percent of their contribution toward the employee’s health insurance premium.
r Tax-exempt small businesses meeting the above requirements are eligible for tax credits of up to 25 percent of their contribution.
For 2014 and beyond, small employers who purchase coverage through the new Health Insurance Exchanges can receive a tax credit for two years of up to 50 percent of their contribution.
Tax-exempt small businesses meeting the above requirements are eligible for tax credits of up to 35 percent of their contribution.
For more information on tax credits, visit http://www.irs.gov/newsroom/article/0,,id=223666,00.html.
See Increasing Choice and Saving Money for Small Businesses | HealthCare.gov
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