One aspect of President Obama’s health care law touted by its supporters is the inclusion of a small business health care tax credit. But recent testimony by a leading bureaucrat at the Internal Revenue Service shows this aspect of Obama’s law, like so many others, is destined to fail.
Small business employers have no incentive to participate in the tax credit plan. In order to comply, a small business owner has to file Form 8941 with the IRS. This 20-line form requires employers to report the number of employees they have, the average amount they are paying them, the total amount spent in premiums on them, and the average premiums for small-group coverage in their area. And that's just if you have a simple situation.