The legislation I have authored will help small employers, by providing new tax credits for small businesses to help make health insurance more affordable. It will encourage those small businesses that do not currently offer health insurance to do so and will help employers that do offer insurance to continue coverage for their employees even in the face of rising costs.
Provide new tax credits for small businesses to help make health insurance more affordable and encourage them to offer coverage.
Occurrences
Evidence
PART II—SMALL BUSINESS TAX CREDIT; Sec. 1421. Credit for employee health insurance expenses of small businesses.
You may qualify for the Small Business Health Care Tax Credit that could be worth up to 50% of the costs you pay for your employees' premiums.
A small employer is eligible if it has fewer than 25 full-time equivalent employees and pays at least 50% of premium cost.
Assessments
The promised policy outcome was substantially achieved when the Affordable Care Act created a small-business health insurance tax credit in 2010, and later federal guidance confirms the credit operated for eligible small employers. But that enactment came after the 2003-2009 Senate term tied to this 2002 campaign, and the provided record does not show Collins wrote, sponsored, or materially advanced the enacted credit. Because the outcome occurred later without clear candidate-specific credit, this fits partial rather than full delivery.