Campfire Blog

Obamacare Tax Credit Proves Useless

Trying to fool the American people with gimmicks

One of the few seemingly appealing parts of Obamacare, President Obama’s massive government takeover of healthcare, was a health insurance tax credit for small business.

But even that token of support for America’s working families has proven to be just another cynical rhetorical ploy—great in theory, but disappointing in real life. The application process for the tax credit is complicated, and especially given the effort required, the credit is not that big.

The Washington Post reports that in 2010 four million businesses were eligible but only 170,300 took the credit. Is it worth it filling out a 25 line form and seven worksheets, which could take a whole workday to assemble, for a tax credit that averages $2,700–especially when you’re running a small business that is struggling to get by? Why should you have to put in all that extra effort to keep more of your hard earned money?

Oh, and the credit, unlike Obamacare, is not permanent. It expires in 2016. How convenient. How come all the “good parts” of Obamacare expire during what could be his second term?

The administration is now demanding that Congress expand the credit–without apologizing for making it so meager.

Republicans are refusing, arguing that Obamacare is the problem, and tinkering around with it is not going to help—which makes me wonder if this was part of the administration’s plan:  Make this tax credit useless, then right before the election, ask Congress to make it a little better, banking on the fact that Republicans will be more focused on overturning Obamacare, then you can say, “ah, Republicans are opposed to expanding this tax credit for small businesses.”

The more we learn about Obamacare, it becomes clearer that it is a supremely political document, crafted and timed to benefit those in power, especially President Obama: It bribes the  American people with a few goodies up front—kids can stay on their parents’ health plans until age 26, this small business tax credit—waiting until Obama’s second term for the harsher parts, like the unconstitutional requirement that everyone buys insurance.

And giving the government authority over healthcare, it creates an unlimited power—a taste of which we are seeing with the mandate that Catholic employers have to pay for services their church says is morally objectionable. Just wait and see what kind of mandates we’ll get if Obama wins this fall. Compared to the loss of freedom and prosperity, that $2,700 tax credit is going to seem real small. No thanks, Obama, for the cup of tax credit stew. It’s not worth surrendering our birthright of freedom for empty promises and worthless tokens.

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.” – attributed to Alexis de Tocqueville

Read more at the Washington Post (1 page).

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