Obama backs Health Care tax credit

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Registered: 10-28-2005
Obama backs Health Care tax credit
Mon, 07-14-2008 - 8:32am

Obama backs health care tax credit
Small business plan is intended to appeal to Hispanics, minorities

SAN DIEGO - Barack Obama on Sunday proposed up to a 50-percent tax credit for small businesses providing health insurance to their employees, a program he hopes has special appeal to Hispanics and other minority groups struggling for a toehold in the U.S. economy.


The idea had been championed by Sen. Hillary Rodham Clinton of New York, whom Obama vanquished in the battle for the Democratic presidential nomination.


"We know that small businesses are the engines of economic prosperity in our communities, especially in Latino communities," Obama said in an address to several thousand Hispanics attending the annual convention of the National Council of La Raza.


http://www.msnbc.msn.com/id/25665376/







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