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You own a company but don't want to offer health insurance? Fine:
''(c) EMPLOYERS ELECTING TO NOT PROVIDE HEALTH BENEFITS.—
18 ''(1) IN GENERAL.—In addition to other taxes,there is hereby imposed on every nonelecting employer an excise tax, with respect to having individuals in his employ, equal to 8 percent of the compensation paid during any calendar year by such employer for services rendered to such employer
AND...
GENERAL.—In the case of any employerwho fails (during any period with respect to which the election under subsection (a) is in effect) to satisfy the health coverage participation requirements with respect to any employee to whom such election applies, there is hereby imposed on each such failure
1 with respect to each such employee a tax of $100 for each day in the period beginning on the date such failure first occurs and ending on the date such failure is corrected.
The exception is small employers defined by the bill at any employers with less than $400,000 in annual payroll.
...it's change you can believe in
''(c) EMPLOYERS ELECTING TO NOT PROVIDE HEALTH BENEFITS.—
18 ''(1) IN GENERAL.—In addition to other taxes,there is hereby imposed on every nonelecting employer an excise tax, with respect to having individuals in his employ, equal to 8 percent of the compensation paid during any calendar year by such employer for services rendered to such employer
AND...
GENERAL.—In the case of any employerwho fails (during any period with respect to which the election under subsection (a) is in effect) to satisfy the health coverage participation requirements with respect to any employee to whom such election applies, there is hereby imposed on each such failure
1 with respect to each such employee a tax of $100 for each day in the period beginning on the date such failure first occurs and ending on the date such failure is corrected.
The exception is small employers defined by the bill at any employers with less than $400,000 in annual payroll.
...it's change you can believe in
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