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Landrieu Small Business Provisions Included in Amendment to Senate Health Care Reform Bill
Date:12/19/2009

Expansion of tax credit to immediately aid more small firms.

WASHINGTON, Dec. 19 /PRNewswire-USNewswire/ -- Several provisions authored and promoted by U.S. Senate Committee on Small Business and Entrepreneurship Chair Mary L. Landrieu, D-La., were included today into the Senate compromise amendment to The Patient Protection and Affordable Care Act. A final vote on the amendment will occur next week.

While the underlying legislation already lowers costs and increases choices for small businesses, Sen. Landrieu's amendments expand the tax credit to more small businesses, make the credits available immediately and give entrepreneurs a greater voice in the reform efforts. The Landrieu initiatives provide $13 billion more in tax credits for small businesses who want to offer affordable, quality health care coverage to their employees.

"Throughout this debate, small business owners and advocates have remained at the negotiating table and the Senate compromise announced today is a direct result of their input and support," Senator Landrieu said. "By working together we have added an infusion of about $13 billion to the small business tax credits in the underlying bill to help small businesses struggling to provide their employees with affordable health care. Expanding the tax credits to more small businesses and making the 'bridge' credit available immediately will ensure that health insurance is even more accessible for small business owners and workers. Additionally, the programs created by the bill will be better targeted to make the health insurance process more accessible and user-friendly. Together, these changes will help small business owners can get back to what they do best - running their businesses.

"Reforming health care has been a long and difficult process. There have been lots of twists and turns, but after months of working, this final product, in my view, will meet the objectives that we laid ou
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SOURCE U.S. Senate Committee on Small Business & Entrepreneurship
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