Report Says Tax Credits Could Help Millions
A new report from Families USA says tax credits included in the Affordable Care Act could help millions of small businesses offer health coverage for their employees. Families USA Executive Director Ron Pollack says between the year 2000 and 2010, the percentage of American workers who received health coverage through their employer dropped from 65 percent to 55 percent. Pollack says almost all of the decline was among small businesses who could no longer afford to offer coverage .
Families USA says the tax credits in the act could provide coverage in Wyoming for 44,300 people, or about 68 percent of people in the state employed by small businesses. The average tax credit in Wyoming would be $925, according to the organization. Nationally the organization says 19,265,500 people employed by small businesses would be eligible, with an average tax credit of $800.