Most Small Businesses Shun Health Care Tax Credit

Here’s a story on The American, the online magazine of the American Enterprise Institute, that indicates that only 360,000 of the 3.2 million companies eligible for the Small Business Health Care Tax Credit made use of it in fiscal 2011. A survey of small business owners revealed that 80 percent knew of the credit. A majority (51 percent) of respondents said they were not using it because either their business was not eligible, the credit was too small or offered no real benefit, or the credit was too complex.