HealthCare.gov: No ACA employer mandate for 96 per cent of US businesses

There is no employer mandate for small businesses in the Affordable Health Care Act (ACA). it is clear he GOP is greatly exaggerating the effect of ACA on small business. 


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. 

see http://www.rwjf.org/files/research/72041.pdf 


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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Alan Grayson on the 99 per cent

Uploaded by RepAlanGrayson on Jan 19, 2012

These are most of the real problems facing America, not tax cuts for the affluent or for corporations.

Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to the congressional Government Accountability Office.

Nearly 7 in 10 businesses are exempt form corporate tax because they are organized as a "pass through" S-corporations or LLC's .

In addition, 99 percent of all independent enterprises in the country employ fewer than 500 people. This is the upper threshold that he Small Business Administration uses to define  a "small business."

According the the SBA, small businesses represent 99.7 percent of all employer firms and employ half of all private sector employees.

Likewise, the affluent can hire excellent accountants and lawyers to handle a myriad of issues facing them, an option that is not available to most middle class Americans. 

In addition, the affluent often do not work. They invest their fortunes in stocks and bonds and clip coupons when they need cash. The short term capital gains tax is 15 per cent which is more than half of the income tax rate that the top income tax earners pay. 

This is why men like Rick Scott don't take their government salaries. They don't want to be bothered with paying income tax. However, Scott did take his government health care that is not taxable.

We know that corporate taxes are primarily paid by the large Fortune 500 corporations and that the affluent don't directly hire Americans, businesses do. 

Many corporations such as GE, the largest American corporation, pay no corporate tax at all because of tax loopholes. Federal revenues from corporate taxes has declined significantly since 1962.

Yet one in three Americans votes for a political party that advocates tickle-down economics. According to Wikipedia,  he idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole. 

C'mon america. Wake-up.  What  kind of conservative wacky tobacky have you been smoking? 

Businesses become successful by increasing their customer base, not through tax breaks. You employer is far morel likely to be a small business than a large corporation or the millionaire next door.

poster source:  http://www.allposters.com
 sources:

http://economics.about.com/od/smallbigbusiness/a/us_business.htm

http://www.nytimes.com/2011/05/03/business/economy/03rates.html

http://bottomline.msnbc.msn.com/_news/2012/01/10/10094176-companies-that-pay-no-federal-income-tax-on-the-rise

http://web.sba.gov/faqs/faqIndexAll.cfm?areaid=24

http://en.wikipedia.org/wiki/Trickle-down_economics

http://elsa.berkeley.edu/~auerbach/AJA_CESifo_revised.pdf
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RT's Doug Weed: The Best Presidents for Small Business?

by Doug Wead   

Published: 21 February, 2011, 22:34

No modern president has really been good for small business. Or even fair for small business. Because all the provisions they made, with headline-grabbing legislation, were taken over by the increased tide of regulation and big-business subsidies.

­

The whole process became corrupted by the 1964 landslide victory of Lyndon Johnson. At that point, big business, seeing the coming election victory for liberal Democrats, began to donate to both parties in earnest.

They have done so ever since.  It is no longer accurate to refer to GOP as the party of big business.

With Johnson’s victory and a spate of new federal regulations, many giant corporations stumbled onto a new way to achieve a monopoly – namely, by supporting regulations that small businesses could not afford.

Economic regulations, social engineering that included regulations for hiring, special tariffs, even environmental regulations could all be used to squeeze out small business competitors.

Right on its heels came the resurrected power of lobbies, stronger than ever before in American history, allowing big business to secure billions in government subsidies for various contrived purposes.

Thus for years McDonalds got millions from taxpayers, claiming that it needed the money to compete with French hamburger chains who – you guessed it – had French government subsidies, while the small American business hamburger joint down the street paid taxes to support McDonalds, their big business competitor.

All of this came home to me in its full fury during my time as special assistant to the president in the George HW Bush White House.

The American Disability Act was upon us and it struck me as odd that the reps of major corporations were in the Roosevelt Room of the West Wing, using their power and influence to urge a lower threshold for compliance.

At one point they wanted businesses with only five employees to be forced to meet all the requirements, ramps for wheel chairs, special phones and all the rest.
Why?  Were these big businesses concerned for the disabled?

No.  They wanted to drive up costs of small business competitors by saddling them with burdens that only big companies could afford.

In the Robber Baron days, the monopolies would lower the price to drive off competitors and then raise the price when they had the market all to themselves.

Today, they seek to drive up the price through government regulation and thus keep competitors out of their market.

Finally, to complete the triad and the corruption, big businesses began to hire large public relations firms who in turn hired former prosecutors, FBI agents and other government operators to use new laws and government agencies and editorial favors from media to destroy small businesses who posed a competitive threat.

This process accelerated as the world went global and corporations found themselves operating in countries where the media and the government were for sale. But with enough money and advertising revenue, the process works even here.

Small businesses are tolerated as long as they remain small, very small.  And even then, if they get in the way, they will be crushed.

Weed claims that the victory  of Lyndon Johnson corrupted the political-corporate process but doesn't really explain how. Yes, big corporations make donations to the Democratic party as aa hedge, but the bulk of political donations go the the GOP.


The Citizens-United ruling had a great deal to due with the recovery of the GOP in the 2010 election cycle. 

The Huffington Post reported: 

Seven of the top 10 political donors are wealthy Republican­s. The other three are unions. Which is why Republican­s want to bust the unions. That and the fact that their seven donors hate unions.

source: http://www.huffingtonpost.com/social/BlueOnBlue/scott-walker-buffalo-beast-phone-prank_n_827058_78492903.html

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Keith Olbermann: Republican Defined Small Businesses Ain't So Small!

Visit msnbc.com for breaking news, world news, and news about the economy

Private enterprise and government plays a shell game with the definition of "small business." Some Definitions of 'small' business on the Web are vague, some based on gross receipts and some on the number of employees.

* A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. ...
en.wikipedia.org/wiki/Small_business

* A company that employs under 100 people and is usually a privately owned corporation. Small businesses fuel local economic growth and innovation.
www.lohas.com/glossary.html

* For SEC purposes, small businesses are defined as domestic companies with revenues of under $25 million, and not investment companies. Subsidiaries of larger companies do not qualify as small businesses.
www.sec-nasd-regulations.com/glossary.htm

* An independently owned and operated business concern as defined in Section 2(1), Florida Small and Minority Business Assistance Act of 1985 (Chapter 85-104, Laws of Florida).
www.fau.edu/purchasing/glossary.php

* A designation for certain statutory purposes referring to a firm, corporation or establishment having a small number of employees, low volume of sales, small amount of assets or limited impact on the market.
www.mmd.admin.state.mn.us/mn06008.htm

* A 'small business' is a separate and distinct business entity, including cooperative enterprises and non-governmental organisations, which is managed by one or more owners and which predominantly carries on business in any sector or subsector of the economy.
www.moneywebtax.co.za/moneywebtax/view/moneywebtax/en/page1030

* A business certified in accordance with requirements of subdivision (c) of GC Section 14837.
sam.dgs.ca.gov/TOC/8400/8474.4.htm

* A business smaller than a given size as measured by its employment, business receipts, or business assets.
www.4hb.com/25s.html

* A small business is one which has a small number of employees, profit and/or revenue. Often these are owner-managed, with few specialist managers. ...
www.stile.coventry.ac.uk/cbs/staff/beech/BOTM/Glossary.htm

* a concern, including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualified as a small business under the Code of Federal Regulations (CFR) criteria and size standards in 13 CFR 121.
www.emainc.com/connections/smallglossary.asp

* A business that has had less than $1.5 million in gross annual sales in the most recent calendar or fiscal year.
www.uwgb.edu/purchasing/policies/pppdefinitions.htm

* This is a business that has one to 50 employees.
www.online-health-insurance.com/coverage-by-region/florida-health-guide-page-20.php

* A business, including its affiliates, that is independently owned and operated and not dominant in its filed of operation; has its principal place of business in the United States and is organized for profit; is at least 51 percent owned, or in the case of a publicly owned business, at least 51 ...
otir.cancer.gov/related/funding_glossary.asp

source: http://www.google.com/search?hl=en&client=firefox-a&hs=m6O&rls=org.mozilla:en-US:official&defl=en&q=define:Small+business&sa=X&ei=CSybTPW4NoPGlQe4urmHCg&ved=0CBkQkAE

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Democrats doing more for small businesspersons than ever

Yesterday, Speaker Pelosi, Leader Hoyer, Rep. Peters (D-MI), and Rep. Schrader (D-OR) were joined by small business owners for a press conference in the Capitol to discuss the impact of the Small Business Jobs and Credit and Tax Relief Acts. 

Speaker Pelosi on passage: 

America’s small business owners are the backbone of our economy. With this legislation, we are helping to ensure they have what they need to be the engine of our recovery.

Democrats in Congress have heard the calls from small businesses to help provide them with the tools they need to grow: access to capital and tax relief. The legislation passed by the House this week will unleash up to $300 billion in loans for small businesses; they also offer $3.5 billion in tax incentives and tax relief to small businesses.

These bills will create and save jobs, and are fully paid for by closing tax loopholes. They build on the accomplishments of this Congress for small businesses, including the Recovery Act, health insurance reform, and a net operating loss provision and accelerated tax write-offs.

Democrats will continue to work on behalf of America’s Main Street, and the small businesses that will ensure our nation’s economic success, while Republicans continue to stand for the interests of Wall Street and Big Banks.

Rightardia is pleased Democrats are helping small business who create two thirds of US jobs. For years Republicans have claimed they were the true defenders of American business which is half true at best. They have helped big corporations and Wall Street but have only given lip service to small business.

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The White House Blog: Health Reform’s Small Business Tax Credit

Posted by Jesse Lee on April 19, 2010 at 2:57 PM EDT

The guiding principle of health reform was simple: put American families and small businesses – not the health insurance companies –  in charge of their own health care.

One of the immediate benefits of the health reform legislation signed by the President is a substantial tax credit for small businesses, designed to help them offer health insurance coverage for the first time or maintain coverage they already have.

The tax credit takes effect this year, so we want to make sure word gets out to small business owners far and wide.

That’s why today the Internal Revenue Service today began mailing postcards to more than four million small businesses and tax-exempt organizations to make them aware of the tax credit.

A 35 per cent reduction of health insurance costs is significant. Rightardia hopes that small business people will wake up and realize the Democrats are trying to help them. For years the GOP has helped the largest corporations in the US, but realy provide little more than lip service to small business.

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Weekly Address: Working with Small Business to Drive Recovery

SAT, OCTOBER 24, 12:01 AM EST

Posted by Jesse Lee

The President restates his commitment to small business as key to economic recovery -- from the Recovery Act to Financial Stability to Health Reform -- and pledges more to come.


The president is using a smart approach to get the economy moving. According to the Small Business Administration:

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Another heart warming American health care story

This story happened close to home. My wife has a close friend who works for a medical doctor in a small practice. The doctor is very right wing 'in the box' type who has an attitude toward minorities. He also lacks patience with children and special needs kids.

The doctor offered health care to his associates who asked for it. My wife's friend who in nearly 60 was paying more than $500 per month for what was probably 'individual health insurance.'

My wife's friend broke a leg at work and called the insurance company for assistance. They advised her she had a $10,000 co-pay that would have to be met before the insurance would kick in. Also, her 'insurance' did not cover visits to specialists.

Essentially she has paid this insurance company $4000 in premiums already for the year and would have to rack up another $10,000 in medical expenses before the policy would pay any benefits.

The doctor had changed the policy without advising her. What she now has what appears to be a catastrophic coverage medical policy. I advised my wife to tell her friend to apply for Workman's Compensation because she was injured on the job. If she doesn't do this, she is out of luck.

The poor woman's private insurance is worthless.This is a common problem is small businesses.

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