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Obama's Tax on Job Creation

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Publication Date: May 2010

Publisher(s): National Center for Policy Analysis (U.S.)

Author(s): Devon Herrick; Pamela Villarreal

Series:

Special Collection:

Topic: Government (Executive power)

Keywords: Obama tax; tax; creation

Type: Report

Coverage: United States

Abstract:

The landmark health reform law signed by President Obama will require small businesses to provide health insurance to their employees. This burden will be offset by a tax credit for each employee covered. However, the credit is arbitrarily reduced as firms grow, penalizing employers that hire more workers or increase their salaries. Thus, the credit may discourage firms from hiring more workers or higher-paid workers.