Small Business Tax Credit

Many small businesses struggle to attract and retain talented employees because they cannot afford competitive wages and benefits. And while small business accounts for more than 60 percent of new jobs, the smaller the company, the less likely they are to offer health coverage. As a result, employees find coverage in safety net programs like the ACA or Medicaid, where costs are more and access to care is worse.

The solution? Reform the existing small business health care tax credit to help small businesses provide better, more affordable health coverage to their employees at less cost to taxpayers.