Has anything been posted on a government site yet? I’d like to see what it looks like at this point, if anything is actually out there. Anyone?
You can find it here (warning: 1,018 page pdf).
[commentary]Good luck reading that, let alone making sense of it. Think your Congressman is going to take a week to read it him/herself?[/commentary]
The House committee that introduced the bill also released a section-by-section summary (35 page PDF) and a 4-page summary.
The bill is HR3200 and the title is “America’s Affordable Health Choices Act.”
Thank you so much!!!
[QUOTE=The summary of the bill]
Assistance for small employers. Recognizing the special needs of small businesses, the smallest businesses (payroll that does not exceed $250,000) are exempt from the employer responsibility requirement. The payroll penalty would then phase in starting at 2% for firms with annual payrolls over $250,000 rising to the full 8 percent penalty for firms with annual payrolls above $400,000.
[/QUOTE]
Am I right in assuming that the penalty is 2-8% of the total payroll, not per-employee?