WALLY HERGER: “In 1996, an estimated 3.1 million self-employed Americans will be unfairly denied adequate tax relief for their health…”

“In 1996, an estimated 3.1 million self-employed Americans will be unfairly denied adequate tax relief for their health insurance costs. Individuals that receive health coverage through their employers do not pay taxes on those benefits while self-employed individuals are only allowed to deduct 30 percent of what they spend on health care insurance. This mere 30 percent deduction is inadequate, discriminatory, and discourages the self-employed from obtaining proper medical coverage and care. While this bill doesn't completely end this inequitable tax treatment of the self-employed, it moves us closer to that goal by increasing the health care deduction for the self-employed to 50 percent. I urge my colleagues to support the self-employed in this country by adopting this much-needed legislation.”